Tesla Cybertruck owners left stunned after receiving unexpected letters from insurance company
Published on Aug 19, 2025 at 2:04 AM (UTC+4)
by Keelin McNamara
Last updated on Aug 18, 2025 at 3:05 PM (UTC+4)
Edited by
Emma Matthews
Being a Tesla Cybertruck owner certainly makes you stand out from the EV crowd.
For the past few years, Tesla Cybertruck ownership has been something of a status symbol.
Recently, however, popularity of the Cybertruck has declined at an alarming pace.
And owners are now being left stunned after receiving letters from their insurance company.
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Tesla Cybertruck owners could be in real trouble
Tesla Cybertruck owners could be in serious trouble when it comes to insurance.
It turns out that some insurance companies are cancelling policy coverage for the EV.
The latest example of this bizarre development comes from an Illinois resident.
He also happens to be one of the thousands of Tesla Cybertruck owners in America.
The Illinois resident wrote in a Facebook group that his truck has to be removed from his policy.
He recently received a letter from his insurers, Hanover Insurance.
And their letter says that it is ‘unable to adequately rate and underwrite the vehicle.’
The only way his overall policy could avoid cancellation, the company wrote, was to remove the truck from it.
What makes this situation even worse for the Illinois resident is that he has had ‘zero accidents in [my] life.’
Why are insurance companies cancelling coverage?
At this point, you are probably wondering why companies are now refusing to insure the Tesla Cybertruck.
It turns out that the reasons behind it are actually quite startling.
The maker has massively slashed production numbers for its marquee truck.
In the second quarter of this year, the company sold just 4,306 units, a drop of more than 50 percent over the same period in 2024.
And it is this dwindling production number that has led insurance companies to start refusing coverage.
Another reason, according to the example above from Hanover Insurance, is that:
“Its design represents a unique challenge, as it poses an extraordinary expense for repair or replacement under comprehensive or collision coverage.”
What do you think of the fact that insurance companies are now refusing to cover the Tesla Cybertruck?
Keelin McNamara is a content writer at Supercar Blondie from Ireland, covering cars, technology, and lifestyle. Despite being a Law graduate, he discovered his passion for journalism during the COVID-19 pandemic, and has worked in the industry ever since. Outside of work, he is an avid MotoGP fan, and is a self-confessed addict of the sport.
