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.

In an email to The Verge, Geico pushed back. “Geico has coverage available nationwide for the Tesla Cybertruck,” Geico spokesperson Ross Feinstein said. Feinstein did not immediately respond to follow-up questions about individual dropped policies.

The rumors started flying on Saturday. A post on Twitter/X, quickly reposted on Reddit, saw one driver claiming Geico had told him that “they can no longer insure Cybertruck” and posting a letter that appeared to back up the claim, saying the policy was being canceled “because this type of vehicle doesn’t meet our underwriting guidelines.”