this post was submitted on 07 Oct 2024
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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 10 months ago by dragontamer@lemmy.world to c/realtesla@lemmy.world
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[–] mkwt@lemmy.world 12 points 10 months ago (2 children)

Are cybertrucks joining the same club with the Ford Pinto?

[–] adarza@lemmy.ca 17 points 10 months ago* (last edited 10 months ago) (2 children)

pintos were cheap to fix--when they didn't blow up or incinerate, that is. then, they were at least cheap to replace. i had one, never had issues with it, or with getting insurance for it.

teslas are expensive to fix, expensive to replace, and lead times for either is ridiculously and unacceptably long. cybertrucks would be, by far, the worst of the lot. insanely high cost-to-cover. doesn't surprise me at all that an insurer is declining to cover them.

[–] Gradually_Adjusting@lemmy.world 5 points 10 months ago

The actuaries have spoken

[–] JustZ@lemmy.world 2 points 10 months ago

The issue with the pinto was that if it got into even a slight rear end fender bender, the gas tank was likely to explode. It was a design flaw.

[–] Etterra@lemmy.world 4 points 10 months ago

No the Pinto was mass produced.