Geico denies dropping coverage for Tesla Cybertruck after false claims

Oct 07, 2024

Karah Rucker Anchor/Reporter

By Karah Rucker (Anchor/Reporter), Mathew Grisham (Digital Producer), Mirlie Larose (Producer), Zachary Hill (Video Editor)

Geico is setting the record straight on its coverage of Tesla’s Cybertruck. Rumors had been circulating online this week that the insurance giant was dropping the truck from coverage.

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It all started Friday, Oct. 4, when a Cybertruck owner posted on X, claiming that Geico had informed him that it could no longer insure his vehicle. He even posted a letter from Geico that states the truck “doesn’t meet our underwriting guidelines.”

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Owners in New York and Kansas have reported similar issues. The claims circulated for some days before an official response from the insurance company.

Geico has now issued a response to these growing concerns, saying the company still offers coverage for Cybertrucks, both for personal and commercial uses. It cited the truck’s weight and potential repair challenges as reasons for the notices, but assured owners that policies remain available.

Meanwhile, frustrated owners of the trucks have been turning to social media, calling on Tesla’s Elon Musk to step in and help. No far, Musk has not responded to the matter.

The Cybertruck has so far been the subject of five safety recalls. The most recent saw the truck’s backup camera taking too long to display on screen in certain situations. That issue will reportedly be fixed with a software update sent out to the trucks.

Tags: Cybertruck, Driverless Cars, Elon Musk, Insurance, Tesla

Karah Rucker

GEICO IS SETTING THE RECORD STRAIGHT ON ITS COVERAGE OF TESLA’S CYBERTRUCK.

THIS AFTER RUMORS BEGAN CIRCULATING ONLINE THIS WEEK, THAT THE INSURANCE GIANT WAS DROPPING THE HYPED-UP PICKUP.

IT ALL STARTED FRIDAY WHEN A CYBERTRUCK OWNER TOOK TO X CLAIMING THAT GEICO INFORMED HIM THEY COULD NO LONGER INSURE HIS VEHICLE.

HE EVEN POSTED A LETTER FROM GEICO WHERE THEY STATED THE TRUCK “DOESN’T MEET OUR UNDERWRITING GUIDELINES.”

OWNERS IN NEW YORK AND KANSAS HAVE ALSO REPORTED SIMILAR ISSUES.

GEICO ISSUED A RESPONSE TO THE GROWING CONCERNS, SAYING THE COMPANY STILL OFFERS COVERAGE FOR CYBER-TRUCKS, BOTH FOR PERSONAL AND COMMERCIAL USES.

THEY CITED THE TRUCK WEIGHT AND POTENTIAL REPAIR CHALLENGES AS REASONS FOR THE NOTICES BUT ASSURED OWNERS THAT POLICIES REMAIN AVAILABLE.

MEANWHILE, FRUSTRATED CYBERTRUCK BUYERS HAVE BEEN TURNING TO SOCIAL MEDIA, CALLING ON TESLA’S ELON MUSK TO STEP IN AND HELP.

SO FAR, NO WORD FROM MUSK ON THE MATTER.

TESLA’S POLARIZING CYBERTRUCK HAS BEEN THE SUBJECT OF FIVE SAFETY RECALLS.

THE MOST RECENT – THE TRUCK’S BACKUP CAMERA WAS TAKING TOO LONG TO DISPLAY ON SCREEN IN CERTAIN SITUATIONS. IT WILL BE FIXED WITH AN OVER-THE-AIR SOFTWARE UPDATE.

FOR STRAIGHT ARROW NEWS, I’M KARAH RUCKER

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