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A comment on Geico terminating insurance coverage of Tesla Cybertrucks. Parent comment

Re:Geico terminating insurance coverage of Tesla Cybertrucks by aleph_minus_one on Monday October 07, 2024 @09:17AM (#41765694)
> When you have fender bender claims costing 20-40k USD to repair, how do you price that risk?

This is a solved problem. Ask any actuary who specializes in casualty insurance, or read a standard textbook about non-life insurance mathematics.

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Re:Geico terminating insurance coverage of Tesla Cybertrucks by dd82 on Monday October 07, 2024 @10:47AM (#41766535)
Not really, car insurance rates need to go through alot of state level validation in order to be approved.

Other models are not considered insurable by GEICO as well. So likely small pool of policyholders + exorbiant claim payments == not worth the headache

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Re:Geico terminating insurance coverage of Tesla Cybertrucks by pokerface_86 on Monday October 07, 2024 @11:36AM (#41767061)
most people buying specialty casualty insurance also have MUCH deeper pockets than even most people buying a cyber truck
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Re:Geico terminating insurance coverage of Tesla Cybertrucks by gnu8 on Monday October 07, 2024 @10:29AM (#41766376)
Shush, I want to see a YC25 auto insurance startup that uses a pile of overheated video cards as a crystal ball to make underwriting decisions.
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