Insurance Companies Are Canceling Tesla Cybertruck Coverage Citing Low Production Numbers – Say, “Due to The Limited Production, We’re Unable to Adequately Rate & Underwrite This Vehicle”

And this is what happens when you rush to buy a flop vehicle instead of performing pre-purchase due diligence.

Hrm. A "win" for people who hate Tesla and/or the Cybertruck specifically. A loss for EV owners and the ownership process in general. 🤷

Geico still supports the truck. There was an accident and then contacted the users about this. This feels like click bare journalism.

so what does completely ugly cost these days? I wouldn't take one for free!

One more nail in the Cyber Junks coffin! 🤣

This has nothing to do with underwriting. You can insure many cars produced in far smaller numbers. Woke corporate executives are attacking Musk because he supports Republicans.

I will never buy insurance from a company that won't insure Teslas.

But you just had to be the first one on the block with one, didn't you?

If this were even remotely true then high end sports cars such as Lamborghini and Ferrari would also be uninsureable...

Cybertruck's steer by wire is untest. Cybertruck's implimentation is unsafe. If steer by wire on Cybertruck fails it is forced to steer straight only and the driver's only option is to apply brakes. Good lucky if each wheel decides to steer in random directions. When a normal car power steering fails, the driver can still steer with more effort.

People were in such a rush to buy the new toy of the month and never stopped to think about what a piece of junk it is. Why would any insurance company want to insure such an overpriced under engineered piece of mechanical trash.

It was more hype than reality. The best thing at this point is start a company and put it under fleet coverage. Or sell it overseas where they are a novelty. Hurry before the value drops through the floor and regain some of your capital.

Easy fix. Elon Musk can open its own insurance company if these insurance companies doesn't want to cover tesla cars for whatever reason might be political. Elon has all the money. He can build his own insurance company without sweat anyway insurance companies these days are way too expensive and almost unreachable. Elon can solve anything on its way.

Fake news. GEICO does offer insurance and so do other companies. The truck is not a flop. They've sold 80k units at nearly $100K each. Other EV truck makers have sold less than Tesla and you don't see fake news stories like this one about those companies.

I love it! The Cybertruck is a piece of junk.

You buy an incredibly ugly vehicle from a known fascist, so you deserve this. Enjoy.

Any insurance company that actually has a grip on its risk management policies will cancel all insurance policies on all Teslas before they launch FSD wider.

No LiDAR, no coverage.

I think the insurance company's that cancel tesla vehicles have made up excuses but in fact are run by democrat scum who will do anything in there power to hurt Republicans. Sore loosing democrat scum listen up the people have spoken you are the lieing cheating minority . You lost get over it !

1. CONSUMER RIP-OFF$$$ Terrible resale value as the wholesale and trade in value plummets and consumers lose thousands.
2.Substandard paint as its chips easily on any highway driving.
3. Awful road noise is very evident like driving with the windows open
4. Questioning the “Glass top and its impact and exposure to skin cancer.
5. I bought a longe range tesla 3 and limited to only 80% charge at the charging stations unless I am asked to pay about 20% more at charging station doe to”active charging area” as Tesla now allows other manufacturers to use our stations…Sucks for longe range trips
6. Absolutely no regard for the original owners as their car value dives..They knew this by offering a pathetic lease program so they didn’t have to take the cars back after the lease a lose millions $$$…
7. Substantiate this data with “ Auto Auctions Tesla sales history” with any auto wholesaler

1. CONSUMER RIP-OFF$$$ Terrible resale value as the wholesale and trade in value plummets loses thousands
2.Substandard paint as its chips easily on any highway driving.
3.road noise is very evident.
4. Questioning the “Glass top and its impact and exposure to skin cancer.
5. I bought a longe range tesla 3 and limited to only 80% charge at the charging stations unless I am asked to pay about 20% more at charging station doe to”active charging area” as Tesla now allows other manufacturers to use our stations…Sucks for longe range trips
6. Absolutely no regard for the original owners as their car value dives..They knew this by offering a pathetic lease program so they didn’t have to take the cars back after the lease a lose millions…
7. Data can be verified using Manheim Auto Auction tesla sales history by any wholsaler

GEICO has a tendency to let you down when you need them the most. That's why we switched to State Farm.

Ho hum. Another day, another anti-Tesla yellow journalism piece on Torque "News". According to multiple comments, GEICO has not dropped Cybertruck coverage. Will Torque "News" correct their false statement? Will I win the lotto tomorrow without buying a ticket? And who is Hanover Insurance? Anyone ever heard if them? Since when do insurance companies refuse to cover vehicles with production in the tens of
thousands of units per year?