Insurance rejected Cybertruck coverage (post for awareness). Which insurance company do you use?

[DaBagBoy]

+1 Auto Owners

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[nocyber]

Insurance needs to be quoted with what type of coverage for which model CB/CT, Driving record and location.

Yes - location zip code is going to be the #1 driver here on cost followed by model type/replacement cost, driving record and credit score. When I moved from MN to WI my states “insurance rating” brought my premiums down dramatically by itself.

I haven’t had a chance but I intend to go on an insurance tear here in the coming 48 hours.

 

[HaulingAss]

Insurance needs to be quoted with what type of coverage for which model CB/CT, Driving record and location.

Because of a huge disparity rates based upon the insured, insurance quotes from another person, in another location, of a different age, with a different driving record, etc, are pretty meaningless.

The vehicle has little to do with it, compared to the other factors, other than the replacement cost.

 

[DittoDan]

I know this has been covered by others, but I thought it was worth mentioning again. I have coverage automatically with my policy for 14 days from date of purchase so I’m currently covered (until Thursday) with my policy that has my home and other autos but my broker let me know they had to farm out the CB to 5 other carriers and he sent over 2 that were “competitive” while having me maintain my present coverage which I don’t want to give up on my other vehicles.

The two carriers they sent me were Progressive and Travelers but I’m not a huge fan of these big box style insurance agencies; thus the reason for my broker I’ve had for 9yrs shopping my policies every 6-12 months.

Since it will be a singular policy without a multi-policy discount I thought I’d ask the forum here who they have for their Cyberbeasts?

If anyone is interested in the denial reason they claim the high value of the car and the cost to replace parts, but I’m not really buying that because I’ve had a McClaren on the same policy for 2yrs before selling it and they never had an issue with that.

67 y.o.
clean record
48309 Rochester Hills MI.
CyberBeast
Yearly paid, $877 @ YEAR ÷ 12 = $73.08
Progressive
Middle road coverage: $250K, $500K, $100K
Uninsured motorist: $250K/$500K
PPI, $1 million
PIP: $250K
$1,000 deduct
$50 deduct for Glass
no rental, no roadside

But have to watch them as the years go by, severe "insurance creep" LOL!

I hope this helps,

Dan the Man from Michigan

 

[nocyber]

So here is where I am at for what it’s worth:

1. Through my broker Progressive was $216 per month
2. Through my broker Travelers was $219 per month.
3. Through calling AmFam said pass.
4. Through calling State Farm quoted my $260 per month.

I decided to do an online Progressive quote on my own, the initial 6 month premium came in at $675 for 6 months and after I entered the VIN it went to $732. This would equate to $122 per month a massive decrease and I even added a $250 deductible and higher coverage limits.

I paid it in full and now am covered by Progressive after tomorrow. I called Progressive and asked why the policy was almost half what my broker quoted and they confirmed they quoted the policy through Underwriting with the broker vs. through the data system online and sometimes it just works out that way. Normally they wouldn’t underwriter a Cybertruck but they did it because my broker told them that 4 other carriers passed on it. So I can’t really blame my broker here, but it is now a touch annoying that I’ll need to monitor this separate policy.

 

[yamadirt]

I have GEICO. Only about $90 more per month to add

Hi. Would you please share the current coverages you have with geico? If you don’t want to share them publicly I understand. You can then let me know and I’ll provide you with my contact. Please help. I’m trying to get insurance for my CT but everybody is refusing to help. Please advise.

 

[Alto]

Guess I’m gonna have to give State Farm a call.

I received my insurance cards from State Farm today in FL. I thought it noteworthy that the collision portion of the CT policy was nearly 4 times greater than on any of my other vehicles.

 

[devdrone6]

Insurance is getting ridiculous- I noticed that on several of my vehicles that the quotes I got were liability only. I tend to shop every year and I thought I was getting a great deal till I saw it was liability only. Prices are getting outrageous overall.

 

[rixos]

Tesla İnsurance just updated my premium from $108 to $151… no accidents… no tückets and no points since i live in ca. Called my casto amfam and added to my umbrella policy for less than half. Progressive was also reasonable so pls call and get couple quotes. Tesla insurance renewals are getting out of control…

 

[Cyberbeast_USA]

Curious about your experience with Farmers? We had an accident in May 2024 and we had good luck with a repair done at Tesla Collision Burr Ridge (IL) on our Tesla Model X. A bit of back and forth since there was some 'frame' damage with a front drivers fender/tire slower speed sideswipe.

Farmers has a lot of back and forth negotiation involved, but usually pays for all required procedures. Currently, many ins co are trying to force body shops to use aftermarket, used or reconditioned parts and Farmers is no different. Less scrupulous shops will use them to please the ins co - but be aware, a Certified Tesla Collision Center is forbidden under contract to use these parts under a threat of certification removal.

 

[Jhodgesatmb]

Tesla gave me the best rate for both my M3 and the CT. No one was even close.

Tesla initially gave me a reasonable rate and then, when it came time to renew, with no changes to me, my record, or the policy, they doubled the rate.

 

[dalton108]

I have AAA insurance and had no issue adding my CyberBeast.

Same.

 

[pae1andonly]

State Farm is also providing coverage. Quite affordable too, I am only paying $85/mo.

State Farm covers the '25 AWD at slightly more than the '24 RAM 2500 it replaced.

 

[RDMSguy]

Progressive. About 200 per month.

 

[TexasRaider]

I had one auto insurance monthly quote was more than my CT monthly payment. Haha

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