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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

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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.”

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[–] ThePantser@lemmy.world 119 points 1 month ago (15 children)

Why are insurance companies the ones making the rational decision about saying it's a dangerous piece of shit and not our transportation regulators? It needs to be banned.

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

Go try to get insurance for a Lambo or a nice exotic.

Good luck giving that free market talk to the insurance sales guy.

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