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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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[–] 3 points 2 years ago (2 children)

The US doesn’t exactly approve or deny vehicles in general; any vehicle that conforms to the Federal Motor Vehicle Safety Standards can be sold

Sorry, I'm not getting the distinction here. Isn't a vehicle that conforms to the FMVSS the same as one that is approved?

Or is the check against FMVSS is not done ahead of time, but only later in any lawsuits?

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  • [–] 3 points 2 years ago

    Conforming = here's a guide book. Follow it and we won't bother you unless there's an issue.

    Approval = please submit every model/trim you release to our inspection/test facility for approval.

    One requires a lot more people going back and forth between the manufacture and government than anyone wants.

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