Cybertruck house owners have had fairly the yr to date 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.
Up to date Monday October 7, 2024 10:45 a.m. EST – Jalopnik acquired an announcement from Geico confirming that “some prospects could have acquired notices stating that PPA insurance coverage wouldn’t be renewed for this car.” The insurer added that will probably be reaching out to impacted prospects.
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 acquired from Geico, the Cybertruck was reportedly minimize from the coverage by the Maryland-based insurer “as a result of this kind of car doesn’t meet our underwriting pointers.”
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 House owners 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 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 let you know that Cybertruck is on a restricted record. 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 immediately being triggered for some folks 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 comply with swimsuit. Progressive downright REFUSES to insure any Teslas for brand spanking new prospects in NY.
Nonetheless, different customers primarily based in locations like Florida aren’t reporting these similar points on the subject of overlaying 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. 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 vehicles. In an announcement shared with Jalopnik, the insurer defined:
Tesla has non-public passenger car (PPA) insurance coverage obtainable for the Tesla Cyberstruck. Clients can obtain a quote immediately on GEICO.com or by contacting our group immediately through cellphone.
Due to its gross weight and potential challenges with elements availability for restore outlets, some prospects could have acquired notices stating that PPA insurance coverage wouldn’t be renewed for this car. Nonetheless, insurance policies for this car have at all times been obtainable by our industrial insurance coverage division, and now stay obtainable through PPA as effectively.
GEICO can be reaching out to any prospects who could have acquired a non-renewal discover.
Might insurance coverage points be the most recent downside to hit Cybertruck consumers, following slippery accelerator pedals, lethal door edges and frunk openings which have a starvation for human fingers?
