Cybertruck house owners have had fairly the 12 months to this point in 2024. They’ve needed to clear personal their model new automobiles themselves, confronted rusting issues introduced on by transport points and been hit with 5 recollects already. Now, house owners are reporting that every one this dangerous press has hit their insurance coverage, with some Cybertruck drivers reporting that their insurance coverage on the six-figure truck has been canceled.
One Cybertruck proprietor took to Reddit this weekend to report that their insurance coverage had been canceled by Geico, explains Torque Information. Robert Stevenson reportedly has a Cybertruck listed on a multi-car coverage with Geico that features eight automobiles. Nonetheless, he claims that the Cybertruck was struck from the coverage by Geico, which stated it was “unable to proceed your insurance coverage protection.”
In copies of a letter Stevenson says he acquired from Geico, the Cybertruck was reportedly lower from the coverage by the Maryland-based insurer “as a result of one of these car doesn’t meet our underwriting pointers.”
Stevenson doesn’t look like the primary individual to have their Cybertruck kicked off a Geico coverage, both. A fast go to to the Cybertruck Homeowners Membership reveals a string of different electrical pickup house owners which have run into comparable points insuring their angular monstrosities.
Many of the customers reporting points insuring their Cybertrucks seem to be primarily based in New York and the encircling areas, nonetheless 2blentendre claims to have heard of comparable points affecting Cybertruck house owners as far afield as Kansas. Because the poster defined on the Cybertruck Homeowners Membership:
To this point, I can confirm that this has occurred to three separate people in Kansas, NYC, NY State (Lengthy Island). Whereas there appear to be many extra, these are those I can personally confirm.
Additionally, once you name Geico to acquire an estimate for Cybertruck, sure supervisors and reps let you know that Cybertruck is on a restricted listing. I’ve had one supervisor excerpts from the precise doc. It additionally listed automobiles like particular version Jaguars, Ferraris, and Lamborghinis.
The query is why is that this restriction all of the sudden being triggered for some individuals however not others. Is it an indication of issues to come back for everybody utilizing Geico? What about different insurance coverage firms? There are some rumors that State Farm might comply with swimsuit. Progressive downright REFUSES to insure any Teslas for brand new prospects in NY.
Nonetheless, different customers primarily based in locations like Florida aren’t reporting these similar points in the case of overlaying their vans. Geico has remained tight lipped on the issues insuring Cybertrucks, which led some Cybertruck patrons to take to Twitter X to plead with Elon Musk for help getting protection for his or her electrical vans.
To this point, Musk hasn’t responded to the queries from his involved followers, and insurer Geico additionally hasn’t responded to our request for remark for this story. We’ll make sure to replace this story if we ever do hear again from the corporate.
May insurance coverage points be the most recent drawback to hit Cybertruck patrons, following slippery accelerator pedals, lethal door edges and frunk openings which have a starvation for human fingers?
