Cybertruck homeowners 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, homeowners 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. 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 obtained from Geico, the Cybertruck was reportedly reduce from the coverage by the Maryland-based insurer “as a result of such a car doesn’t meet our underwriting tips.”
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 homeowners 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 encompassing areas, nonetheless 2blentendre claims to have heard of comparable points affecting Cybertruck homeowners 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, if you name Geico to acquire an estimate for Cybertruck, sure supervisors and reps inform you that Cybertruck is on a restricted record. 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 folks 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 go well with. Progressive downright REFUSES to insure any Teslas for brand spanking new prospects in NY.
Nevertheless, different customers primarily based in locations like Florida aren’t reporting these similar points on the subject of protecting their vans. 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 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 remember to replace this story if we ever do hear again from the corporate.
May insurance coverage points be the newest drawback to hit Cybertruck consumers, following slippery accelerator pedals, lethal door edges and frunk openings which have a starvation for human fingers?
