Geico insists it ‘has coverage’ for the Cybertruck after owners complain of dropped policies

Gieco says it inactive offers security for Tesla’s Cybertruck, aft immoderate customers’ reported being dropped by their security institution for the costly and unconventional electrical truck.

Several owners person reported difficulties successful procuring sum for their Cybertrucks, fueling speculation that the security manufacture was refusing to constitute policies for the truck. The speculation reached a fever transportation this play erstwhile TorqueNews reported astir a circumstantial lawsuit of a Cybertruck proprietor being informed by Geico that his argumentation was being terminated. Several owners person posted connected Reddit and the Cybertruck Owners' Club forum reporting dropped sum from Geico and State Farm.

In an email to The Verge, Geico pushed back. “Gieco has sum disposable nationwide for the Tesla Cybertruck,” Geico spokesperson Ross Feinstein said. Feinstein did not instantly respond to travel up questions astir idiosyncratic dropped policies.

State Farm besides says it continues to connection sum for Cybertruck owners. “State Farm does insure Tesla Cybertrucks.” spokesperson Roszell Gadson said backmost successful June, erstwhile we reached retired during the archetypal circular of questions astir the Cybertruck. “It is important to retrieve that each customer’s concern is unsocial and the benignant of conveyance a idiosyncratic owns is lone 1 origin successful determining eligibility for coverage.”

One proprietor said helium received a missive from Geico informing him that the security institution would beryllium “unable to continue” sum for his Cybertruck due to the fact that “this benignant of conveyance does not conscionable our underwriting guidelines.”

That idiosyncratic said helium has 8 vehicles connected their policy, and it’s imaginable different factors could person affected his eligibility. Another Cybertruck proprietor noted their ain Geico argumentation says it won’t screen vehicles worthy more than $100,000 (Tesla is presently lone selling models that are $99,990 and up).

Tesla’s polarizing Cybertruck has precocious tacked connected its 5th information recall. The truck’s backup camera were taking excessively agelong to show connected the surface successful definite situations, which volition beryllium fixed via an over-the-air bundle update. Some different recalls needed carnal repairs, including faulty wipers, escaped trim, and jammed accelerator pedals that Tesla fixed by installing a rivet.