this post was submitted on 06 Oct 2024
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GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines” (www.torquenews.com)
submitted 1 week ago by shoulderoforion@fedia.io to c/technology@lemmy.world
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GEICO, the second-largest vehicle insurance underwriter in the US, has decided it will no longer cover Tesla Cybertrucks. The company is terminating current Cybertruck policies and says the truck “doesn’t meet our underwriting guidelines.”

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[–] CarbonIceDragon@pawb.social 11 points 1 week ago

Honestly, a car collector is probably the best kind of person to have one I'd bet, given that they now exist out there. They don't seem terribly safe for pedestrians and others to have around, so it they're going to be out there in individuals hands, them being kept parked in some guys garage as some weird curiosity vehicle of the 2020s is probably better than being driven around on the daily as a pointy oversized commute vehicle