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.”
Lol
Lmao, even
With some rofl on the side.
Yay, I knew it would be that super old reference!
I was actually looking for the version that includes The Muppets, because there absolutely is/was a version of that video with the Mnah-mnah muppets. I just couldn’t find it.
Edit: excuse me, but 17 years old isn’t super old. That’s not even voting age.
For Elon this means Relying On Father’s Luxuries
Elon bad, haha
Tomorrow I post Elon bad, ok?
No, truck bad. More read article.
Reading hard. Easier to make quip.
God, I hope other places follow. I work in insurance and not only is everything about the cybertruck an absolute fucking nightmare to source, let alone find a shop for, every single goddamn owner is like the most insufferable chod. That goes for women too. Tesla drivers could already be a problem, but the truck owners are like regular Tesla owners gone feral.
chod
Now there’s an insult I haven’t heard in a while.
Take my upvote!
I hope other places follow
Are they actually allowed to sell these pieces of shit elsewhere?
Also is anyone else stupid enough to buy one?
Presumably, “other places” refers to other insurance companies. IOW, GEICO is (allegedly) denying them coverage. OP is hoping that Allstate, Progressive, etc will also deny coverage.
People knowingly buy stupid vehicles. I’m one of them. It’s expensive to drive, big, has expensive insurance and only seats two but I love it.
I didn’t realise they only had two seats!
Is that one for each of your brain cells? 😉
Someone with more than two brain cells could easily look that up and and realize they’re talking about a different vehicle before insulting a complete stranger for no reason.
I thought ‘expensive to drive’ would have given away it wasn’t a cybertruck, since the only good part about those things is that it’s an EV and probably doesn’t cost much to charge. I might not agree with your decision to drive a huge vehicle, but I’m not gonna call anyone an idiot for doing it.
It’s also generally good form to not make spelling errors (realise) in a comment calling someone else stupid…
Please tell me the comment about the spelling mistake is some kind of weird humour (sic)
It is mostly tounge in cheek, but they did misspell realize in their comment and later edited it to correct it.
I mean if you’re gonna call someone else stupid, but you misspell it you’re kinda putting your foot in your own mouth no?
People shouldnt knowingly buy dangerous vehicles.
They likely didn’t know they were dangerous when they preordered and many are now stuck with them. I think they have a no resale contract for 2 years after buying.
I mean I don’t mean to sound ridiculous, but they even looked dangerous. I am not sure why anyone would assume they were safe. I didn’t even think they were street legal at first.
That is a bummer to be stuck with one though, but you do have to be rich enough to buy one too.
I suspect that looking dangerous is a positive for a great number of truck buyers.
Yeah I think they would be alright personal use offroad vehicles. Although they didnt build them for that, they could have.
False claim, debunked by snopes. Mods should consider blocking this news outlet.
https://www.snopes.com/fact-check/geico-tesla-cybertruck-coverage/
Pretty sure they were one of the last major companies that would…
Even if warranty pays for repairs to it, if it damages anything else the insurance still has to pay.
The article mentions multiple examples of them just randomly shutting down during operation. That’s already bad. But this is going to be it’s first winter, it’s not surprising insurers don’t want to deal with it. They deal with large numbers, it’s not a question of “if” like an individual owner, its “when” for the insurer
Class action lawsuits are gonna be a mother fucker
Class action lawsuits are gonna be a mother fucker
Part of the purchase agreement of a Tesla agreeing to binding arbitration. This means no class action suit. You can opt out of this within the first 30 days, but you have to send a letter requesting it.
How many Tesla owners do you think do that?
That assumes the court finds that enforceable. Usually they do, but a few times recently, they’ve said it’s not.
That’s one of the nice things about the law in Quebec. Binding arbitration clauses are illegal.
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The go pedal and the steering wheel are equivalent to a keyboard/mouse and are not physically connected to anything. If the car shuts off, the wheels go where they feel like with absolutely no driver control.
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Did you really just draw an equivalency between Tesla’s software practices and the aerospace industry? Even Daddy Musk isn’t stupid enough to pretend those are the same.
Also your assertion that there is “no such thing as off” blatantly displays your horrible lack of understanding that distributed computing still relies on electricity.
Edit: since Tesla is apparently the same thing as Airbus, can you point me to the source code published by the relevant regulatory body that controls the Cybertruck’s steering mechanism?
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Have you looked at the cybertruck’s manufacturing practices? Airplanes have redundancies for their redunancies and that’s why people use them. The cybertruck was built with the “go fast and break things” model, does not have redundancies, and actually removed some standard safety features found in every other car. Like tempered glass.
Comparing a cyber truck to an airplane is like comparing a pinewood derby car to a military personnel carrier. One was made by a child. The other is engineered to keep as many soldiers alive as possible.
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On the internet, anyone can say anything. I am the Pope.
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Never thought of they how would you brake if the car shutoff.
The brake pedal.
How well does that work after losing vacuum assist?
Definitely not as well but you can still use them. Cars didn’t even have vacuum assisted brakes up into the 1960s and 1970s
Yes, and they were designed with that in mind- brake pedals with more leverage for one…
My mom had a Ford ranger for a while that had lost its brake boost, it took a lot of force to get it to slow down, and that wasn’t even a heavy vehicle, this was back when a pickup was a two-seater…
Now if they would drop giant trucks and anything lifted
“transparent metal” that breaks if it gets too hot, gets wiped with a microfiber cloth, or tapped by a wedding ring… 😂
I want to feel bad for cyber truck owners, but at the same time these problems are not new and not unknown. So if you know that something is known to have problems, and you still buy it, don’t be so shocked that it has problems for you too.
It was only a matter of time before insurance companies did something. I mean is it really that surprising that a company known for not wanting to pay out money if they can avoid it would want to not insure a rolling money pit?
Next do lifted pickup trucks please!
Semi-unrelated but insurance as a whole is bonkers right now and I’m not sure how much the average person knows. I work on commercial real estate. The whole industry is having to review tons of insurance waiver requests because insurance in some properties is out of control. Business either can’t get it for can’t afford it. Especially, in flood zones. I’m actually kind of worried about the damage these hurricanes are doing in the US. Not just in the lives lost, which is devastating, but also the financial damage of all the uninsured losses.
If an event chance is too high the cost of insurance increase to a point where it stops making sense.
If every house in an area is 100% guaranteed to get at least one flood event over a 5 years period, that means that every 5 years the insurer need to get in enough money to rebuild all houses, so the cost of insurance will be more than 1/5th of value of a house per year (plus operating cost, profit, and so on). There’s no other way, it’s just maths.
Ok, the actuarial math is more complex but it boils down to getting enough cash in to pay for claims and pay the operating cost.
At a that point people need to realize that if the risk is too high they need to accept it, plan to rebuild every 5 years on their dime, or move.
Unfortunately people suck at understanding risk.
Climate change is clearly a hoax, the Republicans were right all along!
/s
That’s not bonkers that’s sanity. If you want to build your house in front of a dike don’t expect to get insurance. The trick is to build in a place where there’s a risk, not certainty, of damage.
It’s absolutely bonkers. I don’t get how Americans can build houses in leopard enclosures and then act all surprised when, inevitably, their faces get eaten. I know you’re a settler country with little connection to the land but it’s been long enough to know which parts get flooded and which don’t, now hasn’t it. Around here you don’t even get building permits for lots of stuff in places even if you were willing to take on all financial risk yourself because it’d put unconscionable load on disaster relief, and thereby society at large.
So, there’s two ways to go from where you are: a) Double-down on being Yanks and say “fuck you got mine sucks to be you”, abolish disaster relief and let those rugged individuals fend for themselves, or b) fucking build where it fucking makes sense. It’s not like you’re Singapore or something, you’ve got more than enough land.
So I had to look online because I don’t know where it is and North Carolina is nowhere near a coastline, so I’m not sure how much the people who live there are to blame.
I don’t know where you got North Carolina from, I was speaking in general. Also the place has plenty of coastline. Also you don’t need to live near the coast to live in a flood area, plenty of rivers that can and do flood. In mountainous regions it’s not about building on the right side of the dike, but not at the bottom of the valley, and in the places in between it’s about… well, it’s usually not really about not building in one particular place, but making sure that there’s areas that you can flood to protect areas you want to keep dry. Much cheaper to pay off a farmer for a lost harvest and cleanup than half a million people for losing their homes.
North Carolina has a coastline though. Granted the issue this time was that the storm came in from the southwest and hit communities that were completely unprepared for the heavy rain, high winds and flash floods
Sounds kind of like exactly what insurance is for? If you can’t get insurance for a flood zone, then maybe there’s a fucking reason for that.
The problem is people have gone and built entire cities in unsafe areas. If we were being sensible basically the entirety of Florida should not be occupied, the place is a disaster waiting to happen, or more accurately is a disaster that has already happened, but somehow nobody’s learnt from it.
Sounds like their problem? I know that sounds callous, and I’m not necessarily referring to the millions of Floridians who can’t afford to relocate (ideally, we’d have a functioning government that could relocate them)… But how many times does your home need to be destroyed on a bi-yearly basis before you decide to move a couple hundred miles away?
If we were being sensible basically the entirety of Florida should not be occupied
I mean… yeah.
I agree! And, I know government was bailing these people out for a long time, which just makes them double down. I’m not worried about those people. I’m worried about the ones that don’t want to be there and can’t afford to relocate, or for some and even worse, evacuate.
Climate change is a big reason for the policy denials for property insurance. What wasn’t risky 20 years ago is much riskier today. Data doesn’t lie.
Why are insurance companies the ones making the rational decision about saying it’s a dangerous piece of shit and not our transportation regulators? It needs to be banned.
I don’t think insurance companies care of the trucks are dangerous per se. They care if they are expensive to repair, or prone to accidents which could attach liability to the policy holder and thereby the insurance company.
I keep telling conservatives this. It makes sense to have some form of suspicion around a message when some corporation has a profit motive behind it. For instance, climate change and companies selling solar panels (although I wish they wouldn’t put SO much effort into that faint connection).
However, that also applies for the inverse - that when insurance drops coverage for Florida homes, it’s because climate change is real and they know it will hurt their bottom line.
I don’t see anything in the article suggesting it’s particularly dangerous, only that it’s very expensive to fix, and in a collision will probably cause significant damage to the other vehicle (though that doesn’t mean it’ll necessarily cause injury).
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, as far as I know. And I don’t see any section that covers safety of the other party in a collision, unfortunately. Maybe write your reps and suggest they add one.
Because automobile regulation in the US is an absolute joke.
GEICO claiming this isn’t true
"In an email to The Verge, Geico pushed back. “Geico has coverage available nationwide for the Tesla Cybertruck,” Geico spokesperson Ross Feinstein said. Feinstein did not immediately respond to follow-up questions about individual dropped policies. "
So maybe it was something VERY specific to this persons use of the truck?
I heard he was renting it out on Turo. That is unconfirmed. I have no source.
True or not to this specific situation, in general, that is definitely the kind of reason you might get dropped if you didn’t get the proper insurance.
Yes. If this is true the owner should be happy they did this before trying to make a claim. Often people break the terms of the insurance and then when a claim is made they are denied all coverage.
Thank you.
That part about how they insured his other vehicles so that PROVES this is a cyber truck-specific policy was so dumb. Insurance will deny for a million reasons or combinations of reasons.
No word from the insurance company itself? This whole article seems to be based on a single tweet by a cybertruck owner. For all we know his might be modded in a way that they dropped the insurance on it.
Yes the circle jerk on this has gone way too far.
More specifically, the only source the article even gives is a link to a reddit post with a screenshot of the tweet, of which doesn’t have a direct link to the tweet. This is half assed journalism at best, considering they even quoted the original screenshot wrong.
Edit: lol they couldn’t even get the person’s name straight. It changed from Robert Stevenson to Anderson after the email portion. Why’s this article even here?
Why’s this article even here?
Anything Elon bad = upvotes
If you manage to find an article with both Elon bad themes and AI bad themes in the same story Lemmings would upvote it up into the atmosphere. You’d be on top of All for like a day!
More importantly, Anderson has eight vehicles. GEICO is only choosing to terminate the insurance coverage from Cybertruck and is actively pursuing renewal of his vehicle coverage for the rest. This leaves no doubt that GEICO’s issue is directly related to the Tesla Cybertruck and not to Anderson or other factors.
Why would someone own 8 vehicles?
Robert added, “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!”
I can’t think of a vehicle that is more likely to be a risk to others than the Cybertruck. I’m sure insurance adjusters see how people use Tesla FSD in spite of its shortcomings. The truck is heavy as hell and breaks in all sorts of ways others vehicles don’t.
Why would someone own 8 vehicles?
He might be too poor to be able to afford more than that.
Suffering from Success
Also, there have been no independent crash tests done so no insurance company can accurately assess the risk, so this is wholly unsurprising.
Tesla have allegedly done their own crash tests, but they still have not released the data. It’s kinda what you’d expect when a government-regulation-hating techbro designs a “I got mine fuck you” vehicle.
Ahhh, that’s a reason that makes sense. Much better than the article itself. Thanks.
If Geico, and presumably soon others, are angering the chuds by refusing to insure this, independent crash tests definitely occurred and they were not favorable.
You don’t have to be an obnoxious YouTuber to crash a car.
If Geico, and presumably soon others, are angering the chuds by refusing to insure this, independent crash tests definitely occurred and they were not favorable.
When I said no independent crash tests had been performed, I was specifically referring to the IIHS since they’re the only ones who opinion really matters and they’ve stated they have not tested any Cybertruck. But yes, regardless of whether Tesla’s internal crash tests were performed by their staff or some other testing lab, the fact that they’re sitting on the results clearly indicates that they know just how poorly the crumplezone-less sharp-edged quality-uncontrolled ketaminemobiles fare.
The cyber truck has no crumble zones. I’d like to see Tesla’s tests.
Cody Johnston did a vid about the Cybertruck on his most recent episode of Some More News. He starts talking about the crash test Tesla did (with video) around the 8:45 mark.
I thought that was the sort of thing that the government mandated companies had to do in a controlled and transparent fashion. I wouldn’t have thought that the NTSB would allow a vehicle to be registered without a thoroughly vetted crash testing procedure.
Apparently “rare” or “limited-release” vehicles don’t get tested. Which means the Cybertruck will probably never get tested 😂
Why would someone own 8 vehicles?
My uncle was like that - he was a contractor and realtor. He had several work trucks, each for a specific purpose, plus one general purpose, and half of them had snowplows of various sizes. Most of them had something wrong with them that didn’t interfere with their specific purpose, but would have been a pain to deal with daily. Only new one was a minivan for driving clients to sites… Then he bought a house closer to town that had a flatbed truck left on it…
Why would someone own 8 vehicles?
Car collectors exist, and I have the impression quite a few of them are among the Cybertruck’s early adopters.
Honestly, a car collector is probably the best kind of person to have one I’d bet, given that they now exist out there. They don’t seem terribly safe for pedestrians and others to have around, so it they’re going to be out there in individuals hands, them being kept parked in some guys garage as some weird curiosity vehicle of the 2020s is probably better than being driven around on the daily as a pointy oversized commute vehicle
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The H1 was basically a civilian tank. The H3 on the other hand was a reskinned Chevy TrailBlazer and fell apart just as easily as one.
Why would someone own 8 vehicles?
Because he’s a car enthusiast with a problem.
(Source: I own six.)
Kinda funny how it sneaks up on you when you get the space. I have 7 vehicles split between my wife and I. Most of them were bought at bottom of the market. People act like I must be wealthy as they drive a new suv worth $20 more than my fleet. I could replace the whole spread for like $30k. I’ll add the qualifier that 2 are motorcycles and I’m totally, definitely, working on selling my prior daily. But $3k isn’t exactly life-changing. I imagine this is a fuckcars zone but it’s a hobby for people. Every hobby is destructive. It’s not like car enthusiasts are driving multiple cars at a time, so the fuel consumption over time is normal. And the thirstier cars tend to be broken more often!
I imagine this is a fuckcars zone but it’s a hobby for people.
More than you know: even I use a bicycle as my daily-“driver,” LOL!
Of the six cars I have, only one isn’t an old, unreliable project car and/or two-seater. Even then, I only have that because my parents essentially forced it upon me. (They have some kind of silly hang-up about having a cargo bike be my sole means of transporting the kids, other than public transit.)
Perhaps ironically, good urbanism is what gives me the freedom to treat cars as a hobby instead of a necessity, and I firmly believe that’s the way it ought to be. It’s a lot like how people can be into horses while also still understanding that it’s a dumb idea to commute to work on horseback.
Why would someone own 8 vehicles?
Why does anyone have anything? If they can afford to collect the things they are interested in, they will have many of those kinds of things.
What if they’re interested in naked pictures of children?
I use an extreme example to point out that “the market will provide” is a terrible argument for the existence of anything.
Makes sense. It’s not a truck, car or SUV, it’s a cosplay vehicle. Lego vehicles from the toy store will outlast this shitshow.
Lego vehicles from the toy store will outlast this shitshow.
To be fair, those would outlast Toyotas, too.
Unless you put 100,000 miles on the lego truck 😄
I’m waiting for any kind of sourcing of this that’s more than “a guy on Twitter shared the text of his rejection letter.”
This letter does not clarify if, as a matter of policy, all cybertruck insurance will be categorically rejected.
In before trump’s new monkey calls the Gecko a pedo
