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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 1 month 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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[–] helpImTrappedOnline@lemmy.world 3 points 1 month ago

Conforming = here's a guide book. Follow it and we won't bother you unless there's an issue.

Approval = please submit every model/trim you release to our inspection/test facility for approval.

One requires a lot more people going back and forth between the manufacture and government than anyone wants.