Reports circulated this morning that GEICO has dropped coverage of the Tesla Cybertruck, as a letter posted on social media started to circulate indicating that it would end any insurance that current owners had on the all-electric pickup.
Teslarati reached out to GEICO on Monday morning to confirm that the insurance firm is no longer covering Cybertruck. The insurance company said it still insures Cybertruck for personal and commercial uses.
“GEICO has coverage available nationwide for the Tesla Cybertruck,” the company told us this morning.
The letter in question claimed that GEICO was eliminating any coverage on Cybertruck because “this type of vehicle doesn’t meet our underwriting guidelines.”
It then said:
“All coverage on the 2024 Tesla Cybertruck provided by GEICO Casualty Company, under the above policy number, will non-renew as of 12:01 A.M. on xx/xx/xx/.”
GEICO then clarified to us that it has private passenger automobile insurance (PPA) available for the Cybertruck. It also has insurance policies available for the vehicle through its commercial insurance division.
Tesla Cybertruck’s gross weight and some potential challenges with parts availability if it were in need of repair, caused customers to receive notices that PPA insurance would not be renewed.
However, GEICO said that it would reach out to any customers who might have received this nonrenewal notice, and Cybertruck policies have always been and still remain available.
I was able to get a quote for Cybertruck this morning before GEICO contacted me to confirm they were not ending policies on the all-electric pickup:
Reports that @GEICO canceled coverage for @Cybertruck are circulating.
I had no issue getting a quote on insurance through the app two minutes ago pic.twitter.com/U0z1ApWKWH
— Joey Klender (@KlenderJoey) October 7, 2024
Cybertruck owners who are using GEICO to insure their vehicles can breathe a sigh of relief.
I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.
