GEICO, the second-largest vehicle insurance underwriter in the US, has made a surprising decision: it will no longer offer coverage for the Tesla Cybertruck. The company is actively terminating existing Cybertruck policies, stating that the truck “doesn’t meet our underwriting guidelines.”
This decision has directly affected many Cybertruck owners. Robert Stevenson, a notable Tesla Cybertruck owner, recently shared his experience of GEICO removing his Cybertruck from a multi-vehicle insurance policy.
Robert took to social media, initially posting on X and later on Reddit, to express his frustration: “@GEICO said they can no longer insure my Cybertruck.”
He further commented, “It makes no sense, as there are other, riskier cars out there. Let me know if you recommend any insurer for the truck. I have eight cars with an amazing record. I will be canceling my entire Geico policy!! Bye-bye!”
Accompanying his post, Robert shared a copy of the letter he received from GEICO, officially notifying him of the termination of his Cybertruck insurance policy. With this unexpected move from GEICO, many Cybertruck owners are now on the lookout for new insurance providers willing to cover their vehicles.
What’s Happening with the Cybertruck and Geico?
As we’ve reported multiple times over the past few months, a significant concern revolves around the Cybertruck, which seems to be one of the most problem-ridden vehicles currently on the road.
Frequent Breakdowns and Lockouts
It’s not uncommon to witness Cybertrucks breaking down unexpectedly or becoming completely non-functional for no obvious reason.
Awaiting a Recall and Refresh
Reports from Tesla service technicians suggest that they are waiting for upper management to initiate a recall and refresh for the Cybertruck, aiming to tackle the numerous issues plaguing this vehicle.
A few weeks ago, we reported a fascinating story about a Cybertruck owner who faced unexpected challenges. This individual found themselves stranded on the road not once, but four separate times, due to issues with their Cybertruck.
The Unexpected Journey of a Cybertruck Owner
Tesla took a proactive approach by providing this owner with a brand new Cybertruck. However, in an unexpected twist, the second vehicle also experienced a similar failure. This situation escalated to the point where Elon Musk had to intervene directly. He instructed Tesla engineers to physically drill open the bricked Cybertruck to gain access to its interior.
Warranty and Insurance Concerns
While many of these Cybertruck complications might be covered under Tesla’s warranty program, the vehicle does have additional issues that could potentially frustrate insurance companies.
Challenges with Repair Costs and Delays
One of the most significant concerns is the high cost and lengthy wait times associated with repairing a Cybertruck after even minor accidents. For instance, a few months ago, an owner revealed that a simple fender bender resulted in a substantial repair bill of $13,404.
- High repair costs
- Extended wait times for parts and service
- Potential implications for insurance rates
These factors contribute to a growing discussion around the practicality and challenges of owning a Cybertruck in today’s market.
Recent reports indicate that Tesla’s Cybertrucks can incur repair costs exceeding $20,000 even after relatively minor accidents. This has raised concerns among potential buyers and current owners alike.
Concerns with Cybertruck Glass
Adding to the list of issues is the problem with Cybertruck glass. Several owners have reported instances where their “transparent metal” glass has unexpectedly shattered after prolonged exposure to sunlight. This occurrence has left many questioning the durability of the material.
Moreover, some owners have experienced their windshields breaking into pieces after seemingly harmless actions, such as cleaning with a microfiber cloth or a slight tap from a wedding ring.
Cybertruck and Stainless Steel: A Double-Edged Sword
While we’ve touched on the challenges faced by Cybertruck owners, the vehicle’s unique build may also pose risks to other road users. The Cybertruck’s 30X cold-rolled stainless steel exoskeleton is a point of concern. Although it offers robust protection for the truck itself, its rigidity and strength could potentially endanger others on the road in the event of a collision.
In recent months, there have been multiple accidents involving the Cybertruck and various other vehicles on the road.
