875

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.”

top 50 comments
sorted by: hot top controversial new old
[-] 2ugly2live@lemmy.world 96 points 4 hours ago

God, I hope other places follow. I work in insurance and not only is everything about the cybertruck an absolute fucking nightmare to source, let alone find a shop for, every single goddamn owner is like the most insufferable chod. That goes for women too. Tesla drivers could already be a problem, but the truck owners are like regular Tesla owners gone feral.

[-] Mr_Blott@feddit.uk 3 points 1 hour ago

I hope other places follow

Are they actually allowed to sell these pieces of shit elsewhere?

Also is anyone else stupid enough to buy one?

[-] smokebuddy@lemmy.today 1 points 3 minutes ago

they started taking orders from presales in Canada and they went through the entire list, I'm not sure if any have been delivered here yet though

[-] Baggins@feddit.uk 1 points 2 hours ago

chod

Now there's an insult I haven't heard in a while.

Take my upvote!

[-] EmperorHenry@discuss.tchncs.de 29 points 3 hours ago

those things are very poorly made and all the most important parts are made of cheap plastic that an average person can literally rip off with his or her bare hands

[-] lennivelkant@discuss.tchncs.de 3 points 2 hours ago* (last edited 1 hour ago)

"their" is shorter than "his or her"

(Even if you don't care about gender inclusiveness, they is just more convenient)

[-] digdilem@lemmy.ml 2 points 18 minutes ago

The best English literature doesn't follow the basis of most convenient or shortest. Sometimes there are other reasons to choose a word of phrase.

The plot of Romeo and Juliet could be rewritten in a paragraph but probably wouldn't have had the same impact.

[-] lennivelkant@discuss.tchncs.de 1 points 3 minutes ago

True, but this isn't prose or high literature. What reason do you suggest why "his or her" would be preferable to "their"?

The prescriptivist "It's grammatically incorrect" argument doesn't hold much water when it has been used since middle English.

[-] thelasttoot@lemmy.world 6 points 2 hours ago

Similarly, "they" is also shorter than "he/she"

[-] lol_idk@lemmy.ml 64 points 5 hours ago

Now if they would drop giant trucks and anything lifted

[-] GreenKnight23@lemmy.world 12 points 4 hours ago

Tesla Insurance ~~scam~~ Policy in 3..2..1..

[-] apocalypticat@lemmy.world 71 points 6 hours ago

Next do lifted pickup trucks please!

[-] NOT_RICK@lemmy.world 260 points 8 hours ago
[-] Catoblepas@lemmy.blahaj.zone 141 points 7 hours ago
[-] Chozo@fedia.io 86 points 7 hours ago

With some rofl on the side.

[-] Cadeillac@lemmy.world 33 points 7 hours ago

For Elon this means Relying On Father's Luxuries

load more comments (5 replies)
[-] ThePantser@lemmy.world 91 points 7 hours 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.

[-] FiskFisk33@startrek.website 7 points 2 hours ago

because it aligns with their financial incentives.

Go try to get insurance for a Lambo or a nice exotic.

Good luck giving that free market talk to the insurance sales guy.

[-] partial_accumen@lemmy.world 61 points 6 hours 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.

[-] Katana314@lemmy.world 28 points 5 hours ago

I keep telling conservatives this. It makes sense to have some form of suspicion around a message when some corporation has a profit motive behind it. For instance, climate change and companies selling solar panels (although I wish they wouldn't put SO much effort into that faint connection).

However, that also applies for the inverse - that when insurance drops coverage for Florida homes, it's because climate change is real and they know it will hurt their bottom line.

[-] catloaf@lemm.ee 18 points 6 hours ago

Funny enough, that's exactly what the article says.

[-] lengau@midwest.social 46 points 7 hours ago

Because automobile regulation in the US is an absolute joke.

[-] n2burns@lemmy.ca 30 points 6 hours ago

Because insurance companies are filled with bean-counters (not intended as an insult, I'm a bean-counter in a different field) who want to come out ahead. That's why the Insurance Institute for Highway Safety (IIHS) exists. You'd think organization that does crash tests and promotes new technology would be a government organization, but nope, it's insurance providers that want to minimize payouts.

load more comments (1 replies)
[-] givesomefucks@lemmy.world 122 points 8 hours ago

Pretty sure they were one of the last major companies that would...

Even if warranty pays for repairs to it, if it damages anything else the insurance still has to pay.

The article mentions multiple examples of them just randomly shutting down during operation. That's already bad. But this is going to be it's first winter, it's not surprising insurers don't want to deal with it. They deal with large numbers, it's not a question of "if" like an individual owner, its "when" for the insurer

[-] DisappointedVulcan@lemmy.world 1 points 2 hours ago

*its first winter

[-] danc4498@lemmy.world 34 points 7 hours ago

Class action lawsuits are gonna be a mother fucker

[-] partial_accumen@lemmy.world 53 points 6 hours ago

Class action lawsuits are gonna be a mother fucker

Part of the purchase agreement of a Tesla agreeing to binding arbitration. This means no class action suit. You can opt out of this within the first 30 days, but you have to send a letter requesting it.

How many Tesla owners do you think do that?

[-] catloaf@lemm.ee 27 points 6 hours ago

That assumes the court finds that enforceable. Usually they do, but a few times recently, they've said it's not.

[-] gramie@lemmy.ca 35 points 6 hours ago

That's one of the nice things about the law in Quebec. Binding arbitration clauses are illegal.

load more comments (3 replies)
load more comments (1 replies)
[-] bluGill@fedia.io 16 points 6 hours ago

i don't own a tesla, so if their cars injure me I can sue them*

load more comments (8 replies)
load more comments (12 replies)
[-] LEDZeppelin@lemmy.world 96 points 8 hours ago

In before trump’s new monkey calls the Gecko a pedo

[-] Pogogunner@sopuli.xyz 105 points 8 hours ago

More importantly, Anderson has eight vehicles. GEICO is only choosing to terminate the insurance coverage from Cybertruck and is actively pursuing renewal of his vehicle coverage for the rest. This leaves no doubt that GEICO’s issue is directly related to the Tesla Cybertruck and not to Anderson or other factors.

Why would someone own 8 vehicles?

Robert added, “It makes no sense, as there are other, riskier cars out there. Let me know if you recommend any insurer for the truck. I have eight cars with an amazing record. I will be canceling my entire Geico policy!! Bye-bye!”

I can't think of a vehicle that is more likely to be a risk to others than the Cybertruck. I'm sure insurance adjusters see how people use Tesla FSD in spite of its shortcomings. The truck is heavy as hell and breaks in all sorts of ways others vehicles don't.

[-] darklamer@lemmy.dbzer0.com 49 points 6 hours ago

Why would someone own 8 vehicles?

He might be too poor to be able to afford more than that.

load more comments (2 replies)
[-] billiam0202@lemmy.world 98 points 7 hours ago

Also, there have been no independent crash tests done so no insurance company can accurately assess the risk, so this is wholly unsurprising.

Tesla have allegedly done their own crash tests, but they still have not released the data. It's kinda what you'd expect when a government-regulation-hating techbro designs a "I got mine fuck you" vehicle.

[-] NuXCOM_90Percent@lemmy.zip 24 points 6 hours ago

If Geico, and presumably soon others, are angering the chuds by refusing to insure this, independent crash tests definitely occurred and they were not favorable.

You don't have to be an obnoxious YouTuber to crash a car.

[-] billiam0202@lemmy.world 7 points 4 hours ago

If Geico, and presumably soon others, are angering the chuds by refusing to insure this, independent crash tests definitely occurred and they were not favorable.

When I said no independent crash tests had been performed, I was specifically referring to the IIHS since they're the only ones who opinion really matters and they've stated they have not tested any Cybertruck. But yes, regardless of whether Tesla's internal crash tests were performed by their staff or some other testing lab, the fact that they're sitting on the results clearly indicates that they know just how poorly the crumplezone-less sharp-edged quality-uncontrolled ketaminemobiles fare.

load more comments (2 replies)
load more comments (16 replies)
load more comments
view more: next ›
this post was submitted on 06 Oct 2024
875 points (99.1% liked)

Technology

58520 readers
5044 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS