U.S. insurer Gaiko “Can’t Get Cybertruck Insurance” Frequent breakdowns and high defense contribute
Tesla Cybertruck is attracting public attention for its unique appearance, but major U.S. insurance companies have turned a blind eye to it. This is because we stopped insurance for Cybertruck due to frequent breakdowns and high repair costs.
According to talk news on the 6th (local time), Gaiko, one of the top three U.S. auto insurers, recently notified its insured Cybertruck owners that they can no longer maintain insurance.
“We cannot provide insurance services to our 2024 Tesla Cybertruck,” Gaiko said in an email about the customer. Because this kind of vehicle does not meet our insurance guidelines,” it said.
According to foreign media, Gaiko’s decision is due to the frequent breakdown of Cybertrucks, which incurs more costs for insurance companies. For example, several problems have been reported, such as standing on the road because it is broken or a brick phenomenon (system down) appears for no reason and the door does not open.
In addition, the very high cost of repair is a burden on insurance companies. Even minor accidents often cost more than $10,000.
Some have raised rumors of discord between Tesla CEO Elon Musk and Berkshire Hathaway Chairman Warren Buffett. Gaiko is a subsidiary specializing in auto insurance under Berkshire Hathaway.
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