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it house reported on october 7 that tesla cybertruck has been recalled five times due to various problems since its launch in 2023. to make matters worse for cybertruck owners, insurance companies have begun to notice reliability issues with this car. , and refused to insure this model.

according to notebookcheck, a cybertruck owner named robert stevenson shared the denial letter he received from geico insurance company. the letter stated: "because your 2024 tesla cybertruck does not meet our coverage standards, we will unable to provide you with insurance." stevenson was very dissatisfied with this. he believed that "there are riskier models on the market than the cybertruck" and asked geico to recommend other insurance companies because he planned to cancel all policies with geico and look for another cybertruck. underwriters.

it house noticed that this is not an isolated case. another car owner, pranav, shared a similar experience on the cybertruckownersclub.com forum. just a few months after he picked up the car in new york, geico refused to continue covering his cybertruck. pranav tried more than five insurance brokers but was denied coverage. due to tesla's resale policy, he can neither drive it on the road nor sell it. other cybertruck owners have encountered the same problem. some even canceled their vehicle orders because they could not get insurance, or even if they found insurance, the monthly premiums were higher than the monthly car loan payment.

currently, there is no universal solution to the problem of cybertruck denial of coverage. therefore, potential cybertruck owners need to do their homework and understand the insurance situation in their area before buying a car.