Loading...
Loading...
Browse all stories on DeepNewz
VisitGEICO Denies Dropping Tesla Cybertruck Insurance, Confirms Nationwide Coverage Amid Rumors
Oct 7, 2024, 04:17 PM
GEICO has refuted reports originating from Torque News that it is terminating insurance coverage for Tesla's Cybertruck, stating that it continues to offer coverage for the electric pickup nationwide. The rumors began after some customers alleged that GEICO informed them the Cybertruck "doesn't meet our underwriting guidelines," and that their policies would not be renewed. However, a GEICO spokesperson confirmed, "GEICO has coverage available nationwide for the Tesla Cybertruck," dismissing the claims as false. Publications such as The Verge and Teslarati reported on GEICO's affirmation of ongoing coverage, clarifying that the viral stories about policy cancellations were unfounded.
View original story
Markets
Yes • 50%
No • 50%
Official announcements from major insurance companies or reputable news outlets
No • 50%
Yes • 50%
Official statements from GEICO or reputable news sources like The Verge or Teslarati confirming the change in policy
Yes • 50%
No • 50%
Official reports from GEICO or industry analysis reports confirming claim data
Other • 25%
Accidents • 25%
Theft • 25%
Vandalism • 25%
Insurance industry reports or data analysis reports
Underwriting guideline changes • 25%
Other • 25%
High repair costs • 25%
High accident rates • 25%
Official GEICO statements or press releases detailing the reason for policy change
Progressive • 25%
Other • 25%
GEICO • 25%
State Farm • 25%
Insurance industry reports or market analysis reports