Summary
- GEICO denies dropping coverage for Tesla Cybertruck
- New reports speculated about GEICO ending insurance on Cybertruck but company states they still offer coverage for personal and commercial uses
- Letter circulated that claimed GEICO was eliminating all coverage on Cybertruck due to underwriting guidelines, but GEICO clarified they have policies available
- Customers received non-renewal notices for personal automobile insurance due to the vehicle’s weight and part availability, despite coverage still being available
- Cybertruck owners insured by GEICO can still get policies as the company reached out to clarify and confirm availability of coverage
Article
Reports circulated that GEICO had dropped coverage of the Tesla Cybertruck, with a letter circulating on social media indicating the end of insurance for current owners. However, upon reaching out to GEICO, it was confirmed that the insurance firm still covers Cybertruck for personal and commercial uses nationwide. The letter suggesting coverage termination was due to the type of vehicle not meeting underwriting guidelines, but GEICO clarified that it has private passenger automobile insurance available for the Cybertruck.
The letter from GEICO stated that all coverage on the 2024 Tesla Cybertruck provided by GEICO Casualty Company would non-renew as of a specified date, citing reasons related to the vehicle’s gross weight and potential challenges with parts availability in case of repairs. Despite this notice, GEICO informed that they would reach out to customers who received the non-renewal notice and reiterated that policies for the Cybertruck have always been available and remain so. An individual was able to obtain a quote for Cybertruck insurance through the GEICO app, confirming that policies for the all-electric pickup were still in place.
It was clarified by GEICO that the company has private passenger automobile insurance as well as insurance policies through its commercial insurance division for the Tesla Cybertruck. Owners who were using GEICO to insure their vehicles can breathe a sigh of relief knowing that coverage remains available for their Cybertruck. GEICO’s decision to potentially not renew personal automobile insurance policies for the Cybertruck was due to specific reasons related to the vehicle’s weight and potential repair challenges, but the option for coverage is still there.
Despite initial reports suggesting a dropping of coverage for the Tesla Cybertruck by GEICO, the insurance company has affirmed that policies for the all-electric pickup are still being offered. Customers who may have received a non-renewal notice were assured that they would be contacted by GEICO and that policies have always been accessible for the Cybertruck. With the option for personal and commercial automobile insurance available nationwide, GEICO continues to provide coverage for Cybertruck owners, alleviating any concerns raised by the circulating reports of policy termination.
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