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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 2 years ago by 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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[–] 125 points 2 years ago (8 children)

Also, there have been no independent crash tests done so no insurance company can accurately assess the risk, so this is wholly unsurprising.

Tesla have allegedly done their own crash tests, but they still have not released the data. It's kinda what you'd expect when a government-regulation-hating techbro designs a "I got mine fuck you" vehicle.

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  • [–] 34 points 2 years ago (1 child)

    If Geico, and presumably soon others, are angering the chuds by refusing to insure this, independent crash tests definitely occurred and they were not favorable.

    You don't have to be an obnoxious YouTuber to crash a car.

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  • [–] 19 points 2 years ago

    If Geico, and presumably soon others, are angering the chuds by refusing to insure this, independent crash tests definitely occurred and they were not favorable.

    When I said no independent crash tests had been performed, I was specifically referring to the IIHS since they're the only ones who opinion really matters and they've stated they have not tested any Cybertruck. But yes, regardless of whether Tesla's internal crash tests were performed by their staff or some other testing lab, the fact that they're sitting on the results clearly indicates that they know just how poorly the crumplezone-less sharp-edged quality-uncontrolled ketaminemobiles fare.

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  • [–] 20 points 2 years ago (1 child)

    Ahhh, that’s a reason that makes sense. Much better than the article itself. Thanks.

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  • [–] 19 points 2 years ago

    To be clear, I don't know if that's why GEICO is cancelling policies on Cybertrucks, but I'd bet heavily it's a contributing factor. It could be that they decided the risk was worth it, until the trucks actually started coming out and the sheer number of recalls due to shitty manufacturing was just too much.

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  • [–] 5 points 2 years ago (1 child)

    I thought that was the sort of thing that the government mandated companies had to do in a controlled and transparent fashion. I wouldn't have thought that the NTSB would allow a vehicle to be registered without a thoroughly vetted crash testing procedure.

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