Cybertruck owners are stunned as GEICO cancels policies for Teslas 2024 model, citing non-compliance with underwriting guidelines. Frustrated drivers are now searching for insurers willing to cover their

Those were GEICO ’s words in a letter made public by Tesla Cybertruck owner Robert Stevenson when he was notified of the insurer’s decision not to renew coverage for the electric vehicle. Notably, Stevenson has seven other vehicles on his policy – all with coverage GEICO is able to provide.

A Cybertruck owner, received a letter from GEICO stating that his vehicle "doesn't meet our underwriting guidelines". This letter was posted on Twitter, but seems t

Claiming that the truck does not meet its underwriting standards, GEICO (BRK-A, BRK-B) will reportedly no longer offer insurance to cover Tesla’s (TSL) Cybertruck and is terminating coverage for existing policies.