The Tesla Cybertruck’s Paintless Ultra-Tough Stainless Steel Exterior is Already Resulting in Much Lower Insurance Premiums

The Cybertruck is famous, or, depending on who you ask, infamous, for its triangular-shaped silhouette and exposed shiny stainless steel exterior.

In a previous article, I discussed how, understanding the function-over-form approach Tesla took when designing the Cybertruck, helps you fall in love with the triangular exposed stainless steel truck.

Tesla Starts Digging Boring Company Tunnels Under Giga Texas to Efficiently Deliver Parts Directly to the Production Line Through Tunnels @Tesla @elonmusk @WholeMarsBlog #Tesla https://t.co/vuMunNJrBD
— Torque News (@torquenewsauto) December 12, 2023

Using stainless steel, especially ultra-hard cold rolled stainless steel, has advantages such as strength and durability. The Cybertruck’s exterior, as has been demonstrated, is bulletproof to a Tommy gun and barely gets scratched by a hunting bow and arrow shot from a close range.

Related News: MKBHD Releases Cybertruck 2nd Impressions Video – “All the Numbers Except 0 to 60 Mph are Worst Than They Promised, 1st Time That’s True for Tesla” 

In addition to its durability, using stainless steel has also allowed Tesla to remove paint from the Cybertruck’s exterior.

Why is that important? Paint is, one – expensive and, two – fragile. Paint takes away durability points from any brawny off-roading vehicle. What good is designing an ultra-rugged capable vehicle, if every time you take it off-road, it’s potentially going to come back with paint damage that can cost an arm and a leg to repair?

Although it might not seem like it to some people, paint is one of the single most expensive components of any vehicle. When a vehicle’s paint is damaged for any reason reapplying it can cost thousands of dollars.

Tesla’s Head of Vehicle Engineering Confirms the EV maker is Working on a 500-mile Range Cybertruck, Explains Why Tesla Can’t Offer it Yet @Tesla @elonmusk #Tesla https://t.co/UWBv1Bji76
— Torque News (@torquenewsauto) December 12, 2023

With the ultra-hard stainless steel and paintless exterior, Tesla has built a truly rugged vehicle. As Elon Musk has said, if Al Capone came and unloaded the entire drum magazine of a Tommy onto the side of your Cybertruck you would be safe.

That is of course not a real concern for most people, however, what particular benefits are early Cybertruck owners reaping from the Cybertruck’s rugged exterior?

According to Greggertruck, who has 1 of the early 1000 Foundation Series Cybertrucks that cost $100,000 in order, he shared on X that he was quoted $189 per month in insurance premiums for full coverage of his truck.

To put this number into context, the average cost for full-coverage insurance in the US is $2,008 per year or $167 per month. The Cybertrukc’s premium at $189 per month or $2,209 per year is slightly higher than the average however, the Cybertruck is significantly more expensive than the average car in the US.

Related News: Tesla Starts Digging Boring Company Tunnels Under Giga Texas to Efficiently Deliver Parts Directly to the Production Line Through Tunnels

Gregory did not give us more detail about which insurance provider he’s using, the state he lives in, and other things that factor into his final insurance premium price. Still from our early data point, it appears that the Cybertruck relative to its price will be cheap to insure.

Going to be interesting to see the rates Tesla Insurance offers for the Cybertruck. Considering legacy insurance companies probably don't take into account how hard the Cybertruck is to dent, scratch, no paint chips, bulletproof doors, etc, hopefully Tesla's rates are even better https://t.co/nha4EihVCG
— Sawyer Merritt (@SawyerMerritt) December 9, 2023

Currently, this is the first insurance quote we’ve seen for the Cybertruck however, we’ll be sure to keep you posted as more Cybertruck’s hit the street. Until then, make sure to visit our site torquenews.com/Tesla regularly for the latest updates.

So what do you think? Excited to see that the Cybertruck is cheaper to insure relative to its price? Do you think given its stainless steel exterior it should be even cheaper to insure? Let us know your thoughts in the comments below.

Image: Courtesy of Joe Tegtmeyer on X

For more information check out: Tesla’s Head of Vehicle Engineering Confirms the EV Maker is Working on a 500-mile Range Cybertruck, Explains Why Tesla Can’t Offer it Yet

Tinsae Aregay has been following Tesla and The evolution of the EV space on a daily basis for several years. He covers everything about Tesla from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.