Geico says Cybertruck’s ‘gross weight’ to blame after owners got notices canceling insurance policies
- by The Daily Dot
- Oct 07, 2024
- 0 Comments
- 0 Likes Flag 0 Of 5
— Pesach Lattin 🇺🇸🦅 (@pesach_lattin) October 6, 2024
Can you get Geico insurance for a Cybertruck?
“GEICO has coverage available nationwide for the Tesla Cybertruck,” the company said in a statement to the Daily Dot.
The viral claim about Geico was sourced to a Reddit thread on r/Cyberstuck, which shares stories about mishaps involving the truck. There, a user shared a screenshot of a tweet by a poster who claimed to have gotten an email from a Geico insurance underwriter.
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That email said that the 2024 Tesla Cybertruck doesn’t meet the company’s underwriting guidelines and that the company can’t keep covering it.
But a phone number for the underwriter is disconnected and nobody with his name seems to have an online presence connected to Geico.
However, Geico told the Daily Dot that some customers who have private passenger automobile (PPA) insurance might have gotten the news that their PPA insurance wasn’t being renewed because of the truck’s “gross weight and potential challenges with parts availability for repair shops.”
Geico clarified that the policies for the vehicle are available through its commercial insurance division and that it will be reaching out to customers who may have received the notices.
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On the forum, other owners shared similar troubles with getting their trucks insured by Geico, though some noted they weren’t having any problems.
“This used to be an issue in NY, now it seems to be happening in other states too,” wrote 2blentendre. “First Geico will provide you with insurance for the Cybertruck, then cancel in 2 weeks. In states without Tesla insurance, like NY, this causes a serious issue in that other car insurances either A) refuse to insure the Cybertruck or B) charge an EXORBITANT monthly fee … Some people, especially in NY seem to be immune to this issue, while others are getting dropped from Geico policy for having a Cybertruck.”
Geico isn’t the only company owners say they’re having insurance troubles with. Bearded Tesla Guy, a YouTuber with over 80,000 subscribers, shared a story back in May after his auto insurance company sent him a letter informing him they wouldn’t auto-renew his truck’s policy.
WTF…never had a collision, never had an issue, so confused. Is this just part of the Florida exodus of insurance companies? pic.twitter.com/r7DhSvQMmo
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