Did their guidelines change since the time when they originally accepted the vehicle for coverage ?
GEICO is Terminating Insurance Coverage of Tesla Cybertrucks
- Thread starter ripcord
- Start date
If you can go through the other side, it is less likely to result in your rates going up if the other side is at fault. But thanks for the advice.
False. Why would your rates go up if you're not at fault ? Look up "subrogation".
Does GEICO cover exotic vehicles? They equally or even more difficult to repair and likely more expensive.
That article was useless in revealing the culprit just citing things that car insurance does not cover anyway.
That article was useless in revealing the culprit just citing things that car insurance does not cover anyway.
I don't think the top five largest insurance companies insure exotic cars. Way back in 1997 a classmates mom worked for one of the bigger insurance companies and she told me that the most expensive thing they'd insure was $80k dollars. I've also met several Ferrari and Lamborghini owners and every time they'd tell me they had to seek out specialty insurance. One guy came into the emissions center where I worked with his Ferrari 430 and according to him his insurance was $1,500 per month.
Well it seems maybe this was not accurate, or Geico changed their minds? Who knows what to believe anymore.
https://www.theverge.com/2024/10/7/...-coverage-cybertruck-cancelled-dropped-policy
"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."
https://www.theverge.com/2024/10/7/...-coverage-cybertruck-cancelled-dropped-policy
"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."
According to a just updated article "Because of its gross weight and potential challenges with parts availability for repair shops, some customers may have received notices stating that PPA insurance would not be renewed for this vehicle. However, policies for this vehicle have always been available through our commercial insurance division, and now remain available via PPA as well." From the guy that was dropped it sounds like Geico won't insure a Cybertruck to anyone living in New York. But yeah I don't feel sorry for the suckers buying a Cybertruck. Tesla engineers told the Muskrat very early on that this would be extremely difficult and expensive to repair.
Thanks for the legal tip. Neither requested nor needed. Have a good evening.
My guess is that the company had a couple of horrific claims involving the CT due both to Tesla's unwillingness to supply crash parts and the difficulty (read labor hours) involved in shops learning how to repair collision damage and said "we're done with these". There aren't all that many of these out in the wild, so it may be difficult to price the risk involved.
Who knows?
Who knows?
Yeah, but that's no ammo for the CT "lovers". And please refer to post #50.
All good SC.
Typically, no. I know it doesn’t feel right but liability insurance in autos is for negligence on the driver. Source: saw it happen multiple times when I worked in claims.
It’s not a requirement in many states. You can otherwise provide proof of sufficient assets to self insure, but that is extremely risky.
You don't know how forums work, huh ? If one posts false information, don't be surprised when people rebut it.
Funny thing about states requiring auto insurance... CA requires it but good luck if someone hits you. My advice is to carry uninsured driver coverage. Don't ask me why...
Same issue here-no plates, no DL, no insurance. Pretty much have to dial 911 & chase them yourself! Not sure how uninsured handles hit & run.
I dont know, for me anyway. Even a busted up truck, if your in an accident and damage the battery it will cost you over $20,000 (that might be too low) in repairs, unless your not at fault.
This is big. If you're going to carry insurance make sure your policy carries the same amount of liability insurance for underinsured and uninsured. Most/many drive with min coverage that isn't worth more than a day in the hospital.
If I'm not mistaken, Ohio requires an insured person to have uninsured motorist coverage as well as underinsured motorist coverage. This is on top of it being a law that all vehicles have insurance !! Oh, the hypocrisy !!
The insurance companies LOVE the law makers there.
This has been the case for the last 50 years that pickups need commercial registration in California, even if not used in business. The vehicle just requires commercial plates- that's all. You can bet Geico already insures pickups ( plenty of them) in California. Sounds like an underwriting error somewhere.
As a ex Southern California resident- that designation that pickups by design are commercial was nothing more than yet another money grab by the state since initial fees and renewals are higher on " commercial vehicles".
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