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dragontamer

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GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines” (www.torquenews.com)

submitted 2 weeks ago by dragontamer to c/realtesla

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[–] mkwt 12 points 2 weeks ago (2 children)

Are cybertrucks joining the same club with the Ford Pinto?

[–] [email protected] 17 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

pintos were cheap to fix--when they didn't blow up or incinerate, that is. then, they were at least cheap to replace. i had one, never had issues with it, or with getting insurance for it.

teslas are expensive to fix, expensive to replace, and lead times for either is ridiculously and unacceptably long. cybertrucks would be, by far, the worst of the lot. insanely high cost-to-cover. doesn't surprise me at all that an insurer is declining to cover them.

[–] Gradually_Adjusting 5 points 2 weeks ago

The actuaries have spoken

[–] JustZ 2 points 2 weeks ago

The issue with the pinto was that if it got into even a slight rear end fender bender, the gas tank was likely to explode. It was a design flaw.

[–] Etterra 4 points 2 weeks ago

No the Pinto was mass produced.