this post was submitted on 06 Oct 2024
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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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[–] Kalysta@lemm.ee 1 points 1 month ago

It’s rare for normal cars to shut down with no warning.

It’s pretty common for cybertrucks to do it.

Eventually that’s gonna happen on a highway. Insurance works by assuming the worst thing that can happen will happen and charging you appropriately. It’s far from irrelevant in this case.