Cybertruck house owners have had fairly the yr thus far in 2024. They’ve needed to clear personal their model new vehicles themselves, confronted rusting issues introduced on by transport points and been hit with 5 recollects already. Now, house owners are reporting that each 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 vehicles. 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 obtained from Geico, the Cybertruck was reportedly reduce from the coverage by the Maryland-based insurer “as a result of this sort of automobile doesn’t meet our underwriting tips.”
Stevenson doesn’t seem like the primary particular person 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 related points insuring their angular monstrosities.
A lot of the customers reporting points insuring their Cybertrucks seem to be primarily based in New York and the encompassing areas, nevertheless 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:
Thus far, 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, whenever you name Geico to acquire an estimate for Cybertruck, sure supervisors and reps let you know that Cybertruck is on a restricted checklist. I’ve had one supervisor excerpts from the precise doc. It additionally listed vehicles like particular version Jaguars, Ferraris, and Lamborghinis.
The query is why is that this restriction instantly 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 could observe go well with. Progressive downright REFUSES to insure any Teslas for brand spanking new clients in NY.
Nonetheless, different customers primarily based in locations like Florida aren’t reporting these similar points in terms of masking their vehicles. Geico has remained tight lipped on the issues insuring Cybertrucks, which led some Cybertruck consumers to take to Twitter X to plead with Elon Musk for help getting protection for his or her electrical vehicles.
Thus far, 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 be sure you replace this story if we ever do hear again from the corporate.
Might insurance coverage points be the newest downside to hit Cybertruck consumers, following slippery accelerator pedals, lethal door edges and frunk openings which have a starvation for human fingers?
