GEICO, the second-largest vehicle insurance underwriter in the US, has decided it will no longer cover Tesla Cybertrucks. The company is terminating current Cybertruck policies and says the truck “doesn’t meet our underwriting guidelines.”

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165 points

Pretty sure they were one of the last major companies that would…

Even if warranty pays for repairs to it, if it damages anything else the insurance still has to pay.

The article mentions multiple examples of them just randomly shutting down during operation. That’s already bad. But this is going to be it’s first winter, it’s not surprising insurers don’t want to deal with it. They deal with large numbers, it’s not a question of “if” like an individual owner, its “when” for the insurer

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2 points
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-13 points
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8 points
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They do when it shuts down while driving and careens into another vehicle.

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-10 points
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21 points

A vehicle shutting down in the middle of the freeway can easily cause multiple accidents.

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-11 points
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15 points

The go pedal and the steering wheel are equivalent to a keyboard/mouse and are not physically connected to anything. If the car shuts off, the wheels go where they feel like with absolutely no driver control.

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-12 points
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2 points

Never thought of they how would you brake if the car shutoff.

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50 points

Class action lawsuits are gonna be a mother fucker

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84 points

Class action lawsuits are gonna be a mother fucker

Part of the purchase agreement of a Tesla agreeing to binding arbitration. This means no class action suit. You can opt out of this within the first 30 days, but you have to send a letter requesting it.

How many Tesla owners do you think do that?

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23 points

i don’t own a tesla, so if their cars injure me I can sue them*

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14 points

Steam recently removed their arbitration clause, largely because paying for a thousand arbitration cases is worse than dealing with a class action.

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52 points

That assumes the court finds that enforceable. Usually they do, but a few times recently, they’ve said it’s not.

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1 point

This didn’t work for valve so I can see it also going poorly for Tesla.

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4 points

Wow, I never thought I’d find an actual good argument for keeping independent car dealers as middlemen instead of allowing first-party sales, but here we are.

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