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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 4 weeks ago by shoulderoforion@fedia.io to c/technology@lemmy.world

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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.”

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[–] ContrarianTrail@lemm.ee 1 points 4 weeks ago (1 children)

Also is anyone else stupid enough to buy one?

Because I'm pointing out that people don't only buy vehicles based on what's wise or optimal. For some, it's also a hobby and they have different preferences as what to drive. At the time of buying my current truck, a wagon would've been sufficient. I just went with what's essentially my childhood-dream car instead. I've since developed an actual need for one too, but even now, a van would be a little more practical. Truck is simply more fun and nicer looking, while being the same size.

[–] Mr_Blott@feddit.uk 4 points 4 weeks ago

You can see why people misunderstood you though no?

I asked "is anyone else stupid enough to buy [a Cybertruck]"

You replied - [context as assumed by a normal person]

People knowingly buy stupid vehicles. I'm one of the ~~m~~ [people that bought this fuckin monstrosity]. [The Cybertruck is] expensive to drive, big, has expensive insurance and only seats two but I love it.