Link: Geico insists it ‘has coverage’ for the Cybertruck after owners complain of dropped policies

Geico confirms it continues to provide insurance for Tesla’s Cybertruck nationwide, despite some owners claiming their policies were canceled. This comes amid growing confusion and reports from Cybertruck owners about insurance difficulties.

Speculation about insurance companies shying away from the Cybertruck increased after Torque News discussed a case where an owner was reportedly dropped by Geico. Online forums and Reddit have also seen similar stories from other owners regarding Geico and State Farm.

In response to the rumors, a Geico spokesperson emphasized that their coverage for the Cybertruck is still available across the country. However, details on why certain individual policies were terminated were not disclosed.

State Farm also reaffirmed their commitment to insuring Cybertrucks, noting that car insurance eligibility depends on various factors specific to each customer. Concerns had initially been raised about the truck’s insurance status back in June.

Some owners have faced unique issues; one received a letter from Geico stating his Cybertruck didn’t meet underwriting guidelines due to its high market value and features. Geico also hinted at transferring some policies to commercial insurance due to the truck’s specifications and repair complexity.

Tesla’s Cybertruck has been in the spotlight not just for insurance issues but also for multiple recalls and safety concerns, which Tesla is addressing through software and hardware fixes. The latest issue involves a delayed backup camera display, which Tesla plans to correct through an update. #

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Yoooo, this is a quick note on a link that made me go, WTF? Find all past links here.