Robert Stevenson, a Tesla Cybertruck owner, recently revealed that GEICO is kicking out his Cybertruck from his multi-vehicle insurance policy.
In a post that was first shared on X and later reposted on Reddit, Robert writes, “@GEICO said they can no longer insure my Cybertruck.”
Robert added, “It makes no sense, as there are other, riskier cars out there. Let me know if you recommend any insurer for the truck. I have eight cars with an amazing record. I will be canceling my entire Geico policy!! Bye-bye!”
Below his post, the Cybertruck owner included the letter he received from GEICO informing him that his Cybertruck insurance policy was terminated.
Here is what the letter reads…
Many factors are likely at play when an insurance company stops covering an individual or a vehicle.
You might think the insurance company has deemed the driver unsafe because he/she has been in a lot of accidents or for some other reason; however, in Anderson’s case, he says he has an amazing record.
More importantly, Anderson has eight vehicles. GEICO is only choosing to terminate the insurance coverage from Cybertruck and is actively pursuing renewal of his vehicle coverage for the rest.
This leaves no doubt that GEICO’s issue is directly related to the Tesla Cybertruck and not to Anderson or other factors.
GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines”
GEICO, the second-largest vehicle insurance underwriter in the US, has decided it will no longer cover Tesla Cybertrucks. The company is terminating current Cybertruck policies and says the truck “doesn’t meet our underwriting guidelines.”
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