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Registered
Join Date: Dec 2002
Location: Dahlonega , Georgia
Posts: 14,720
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Geico to terminate Tesla cybertruck policies
Interesting . I wonder if all insurance companies both home and auto will do similar moves to reduce risk .
https://www.torquenews.com/11826/geico-terminating-insurance-coverage-tesla-cybertrucks-says-type-vehicle-doesnt-meet-our |
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10-07-2024, 06:37 AM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,334
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Wow! I wonder if that's going to tank Tesla stock. My guess is "some but it'll bounce back".
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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10-07-2024, 07:16 AM
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Behind the Sun
Join Date: Jul 2014
Location: Tejas
Posts: 1,046
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doesn't tesla offer car insurance also?
As a broker? Underwriter? Risk taker? I know I read it somewhere..... |
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10-07-2024, 08:03 AM
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Evil Genius
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what's your point? Pcars are a "risk" car too.
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Life is a big ocean to swim in. Wag more, bark less. 
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10-07-2024, 08:37 AM
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GEICO rejected his policy, as the "reporter" stated, not all policies, as the "reporter" didn't investigate.
Cancelling one does not equate to cancelling all. |
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10-07-2024, 08:51 AM
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Edministrator
Join Date: Aug 2003
Location: SF east bay
Posts: 24,859
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Quote:
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10-07-2024, 01:34 PM
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Registered
Join Date: Jul 2006
Location: Honolulu, HI
Posts: 9,881
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GEICO still insures Cybertrucks.
https://www.theautopian.com/geico-says-it-will-renew-tesla-cybertruck-policies-nationwide/
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The fun - '06 Carrera, '79 930, '06 S4 Avant, '16 i8 The mundane - '24 Tesla Model 3, '22 Tesla Model Y, '19 Tacoma |
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10-07-2024, 05:42 PM
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Registered
Join Date: May 2011
Location: Houston
Posts: 550
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But at what price?
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10-07-2024, 05:51 PM
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Registered
Join Date: Dec 2002
Location: Dahlonega , Georgia
Posts: 14,720
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My oldest son works for an insurance company doing risk analysis . His company doesn't insure any Tesla vehicles .
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2002 Boxster S . Arctic silver + black top/int. Jake Raby 3.6 SS engine " the beast ". GT3 front bumper, GT3 side skirts and GT3 TEK rear diffuser. 1999 996 C4 coupe black/grey with FSI 3.8 engine . Rear diffuser , front spoiler lip with ducktail spoiler . |
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10-08-2024, 01:11 AM
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Edministrator
Join Date: Aug 2003
Location: SF east bay
Posts: 24,859
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Did he say why?
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Good post? Leave a tip! O - $1 O - $2 O - $3 |
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10-08-2024, 07:36 AM
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Registered
Join Date: Dec 2002
Location: Dahlonega , Georgia
Posts: 14,720
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Quote:
__________________
2002 Boxster S . Arctic silver + black top/int. Jake Raby 3.6 SS engine " the beast ". GT3 front bumper, GT3 side skirts and GT3 TEK rear diffuser. 1999 996 C4 coupe black/grey with FSI 3.8 engine . Rear diffuser , front spoiler lip with ducktail spoiler . |
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10-08-2024, 07:54 AM
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Registered
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I’ll guess repair costs are overwhelming.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? |
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10-08-2024, 06:33 PM
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Registered
Join Date: Jan 2007
Location: Somewhere in North L.A. County
Posts: 2,107
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15 years ago Liberty Mutual was the Tesla point of sale direct carrier. The cost of repairs was so great for collision losses Liberty told Tesla you have to make your cars more serviceable and cost effective to repair if they wanted the carrier to represent and insure the brand. Tesla actually listened and revised much of the collision repair guidelines. Full panel replacement on unisides down to partial panel replacement for the weld/ bonded inner structure. Sectioning of lock pillars versus full quarter panel replacement etc. Cost of repairs were drastically reduced in cost as well as loss of use. This filtered down from the S to the X models which were heavily constructed of aluminum. The Model 3 is primarily steel which reduced build/ sale cost compared to its bigger siblings.
For insurers its a numbers game based on risk. Another insurer will fill the gap left by Gieco. More Cybertrucks will be sold and that gap will be profitable.
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Jeff Hail "All men dream: but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it is vanity; but the dreamers of the day are dangerous men, for they act their dream with open eyes, to make it possible" |
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10-08-2024, 10:15 PM
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1982 Porsche 911SC 3.0L warmed over
Wicked Witch of the East
1989 Porsche 911 Carrera 3.2
