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.”

    • lazynooblet
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      2 months ago

      According to this comment thread and the article, these cars have abruptly stopped functioning with no warning. Do you not think it is only a matter of time before that occurs in a dangerous situation? Insurance companies base their decisions on statistics and probabilities. It is very much related to “hypotheticals”.

        • lazynooblet
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          2 months ago

          I literally just explained this in the comment you replied to.

          You did not.

          Once again…

          This was the first time you made this point, so not sure why you say “again”.

          In other words, this ain’t it.

          They likely won’t disclose the real reasons. However I’m yet to be convinced that reliability wasn’t taken into account.

    • Kalysta@lemm.ee
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      2 months ago

      It’s rare for normal cars to shut down with no warning.

      It’s pretty common for cybertrucks to do it.

      Eventually that’s gonna happen on a highway. Insurance works by assuming the worst thing that can happen will happen and charging you appropriately. It’s far from irrelevant in this case.