FYI: GEICO confirms continued coverage for Tesla Cybertruck amidst circulating rumors.
In recent days, rumors have spread about GEICO dropping its insurance coverage for the Tesla Cybertruck. A social media post, claiming that GEICO was denying coverage for the futuristic truck, caught significant attention.
Dispelling the Rumors: GEICO’s Response
When reached for verification, GEICO clarified that the company is indeed offering insurance for the Cybertruck. Coverage is available both for personal and commercial purposes, contradicting the circulated letter alleging the termination of such services.
The Confusing Letter: What it Stated
The misleading letter suggested that GEICO’s guidelines were not compatible with the Tesla Cybertruck, and non-renewal notices had been issued. The letter stated:
“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/.”
Clarification on Coverage: GEICO’s Assurance
Despite concerns raised by the letter, GEICO confirmed that personal passenger automobile insurance (PPA) is fully available for the Cybertruck. Furthermore, commercial insurance solutions are accessible to businesses and commercial entities. The confusion stemmed from the Cybertruck’s unique specifications, such as its gross weight and parts availability for repairs, leading some customers to mistakenly receive non-renewal notices.
Getting a Quote: A Customer’s Experience
In a firsthand account, one potential customer managed to secure a quote for the Cybertruck through GEICO’s app without any issues. This was further substantiated by direct confirmation from the company on the ongoing availability of the policy for the all-electric pickup.
Conclusion
Tesla Cybertruck owners and potential buyers can rest assured that GEICO remains committed to providing coverage for their vehicles despite recent rumors to the contrary. For further insights and the latest updates, feel free to contact us at tips@automotive.fyi or connect with us on Twitter @automotivefyi.
William Kouch, Editor of Automotive.fyi
