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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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[-] ThePantser@lemmy.world 119 points 1 day ago

Why are insurance companies the ones making the rational decision about saying it's a dangerous piece of shit and not our transportation regulators? It needs to be banned.

[-] partial_accumen@lemmy.world 82 points 1 day ago

I don't think insurance companies care of the trucks are dangerous per se. They care if they are expensive to repair, or prone to accidents which could attach liability to the policy holder and thereby the insurance company.

[-] Buddahriffic@lemmy.world 3 points 1 day ago

The extra danger to pedestrians might also affect the liability calculations.

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this post was submitted on 06 Oct 2024
1442 points (94.0% liked)

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