this post was submitted on 06 Oct 2024
1463 points (93.7% liked)

Technology

59534 readers
3196 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
1463
GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines” (www.torquenews.com)
submitted 1 month ago by shoulderoforion@fedia.io to c/technology@lemmy.world
238 comments fedilink hide all child comments
 

GEICO, the second-largest vehicle insurance underwriter in the US, has decided it will no longer cover Tesla Cybertrucks. The company is terminating current Cybertruck policies and says the truck “doesn’t meet our underwriting guidelines.”

you are viewing a single comment's thread
view the rest of the comments
[–] QuarterSwede@lemmy.world 19 points 1 month ago (1 children)

Ahhh, that’s a reason that makes sense. Much better than the article itself. Thanks.

[–] billiam0202@lemmy.world 19 points 1 month ago

To be clear, I don't know if that's why GEICO is cancelling policies on Cybertrucks, but I'd bet heavily it's a contributing factor. It could be that they decided the risk was worth it, until the trucks actually started coming out and the sheer number of recalls due to shitty manufacturing was just too much.