Cybertruck house owners have had fairly the yr 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 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.
Up to date Monday October 7, 2024 10:45 a.m. EST – Jalopnik acquired an announcement from Geico confirming that “some clients could have acquired notices stating that PPA insurance coverage wouldn’t be renewed for this automobile.” The insurer added that it will likely be reaching out to impacted clients.
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. Nevertheless, he claims that the Cybertruck was struck from the coverage by Geico, which mentioned it was “unable to proceed your insurance coverage protection.”
In copies of a letter Stevenson says he acquired from Geico, the Cybertruck was reportedly reduce from the coverage by the Maryland-based insurer “as a result of this kind of automobile doesn’t meet our underwriting pointers.”
Stevenson doesn’t seem like the primary individual to have their Cybertruck kicked off a Geico coverage, both. A fast go to to the Cybertruck House owners Membership reveals a string of different electrical pickup house owners which have run into comparable 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, 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 House owners 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, whenever you name Geico to acquire an estimate for Cybertruck, sure supervisors and reps inform you 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 return for everybody utilizing Geico? What about different insurance coverage corporations? There are some rumors that State Farm could observe go well with. Progressive downright REFUSES to insure any Teslas for brand new clients in NY.
Nevertheless, different customers primarily based in locations like Florida aren’t reporting these similar points on the subject 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.
Geico did, nonetheless, verify that some Cybertruck house owners “could have acquired” non-renewal notices impacting protection for his or her electrical vans. In an announcement shared with Jalopnik, the insurer defined:
Tesla has personal passenger car (PPA) insurance coverage accessible for the Tesla Cyberstruck. Clients can obtain a quote instantly on GEICO.com or by contacting our staff instantly through telephone.
Due to its gross weight and potential challenges with components availability for restore retailers, some clients could have acquired notices stating that PPA insurance coverage wouldn’t be renewed for this automobile. Nevertheless, insurance policies for this automobile have all the time been accessible by way of our business insurance coverage division, and now stay accessible through PPA as properly.
GEICO will probably be reaching out to any clients who could have acquired a non-renewal discover.
Might insurance coverage points be the most recent downside to hit Cybertruck patrons, following slippery accelerator pedals, lethal door edges and frunk openings which have a starvation for human fingers?
