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.”
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.
Are cybertrucks joining the same club with the Ford Pinto?
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.
The actuaries have spoken
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.
No the Pinto was mass produced.