Cybertruck homeowners have had fairly the 12 months to this point 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 remembers already. Now, homeowners are reporting that every one this unhealthy 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 obtained an announcement from Geico confirming that “some clients could have obtained notices stating that PPA insurance coverage wouldn’t be renewed for this car.” The insurer added that it is going to be reaching out to impacted clients.
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 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 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 homeowners which have run into related points insuring their angular monstrosities.
Many of the customers reporting points insuring their Cybertrucks seem to be based mostly in New York and the encircling 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:
Up to now, 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, while you name Geico to acquire an estimate for Cybertruck, sure supervisors and reps inform you that Cybertruck is on a restricted listing. 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 individuals however not others. Is it an indication of issues to come back for everybody utilizing Geico? What about different insurance coverage corporations? There are some rumors that State Farm could observe go well with. Progressive downright REFUSES to insure any Teslas for brand spanking new clients in NY.
Nonetheless, different customers based mostly in locations like Florida aren’t reporting these identical points relating to 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. Up to now, Musk hasn’t responded to the queries from his involved followers.
Geico did, nonetheless, verify that some Cybertruck homeowners “could have obtained” non-renewal notices impacting protection for his or her electrical vans. In an announcement shared with Jalopnik, the insurer defined:
Tesla has non-public passenger vehicle (PPA) insurance coverage obtainable for the Tesla Cyberstruck. Clients can obtain a quote straight on GEICO.com or by contacting our group straight through cellphone.
Due to its gross weight and potential challenges with elements availability for restore outlets, some clients could have obtained notices stating that PPA insurance coverage wouldn’t be renewed for this car. Nonetheless, insurance policies for this car have all the time been obtainable by means of our business insurance coverage division, and now stay obtainable through PPA as effectively.
GEICO can be reaching out to any clients who could have obtained 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?
