It took me a couple tries to get insurance for my f350 with a steel flatbed with a ranchhand upfront. They knew I was safe but worried about the damage I would do to others. It wasn’t cheap. It is something to consider with the cyber truck. Wheeling tends to break stuff and sounds like the cars are tough to get parts for as it is now. Both issues should be real concerns for prospective buyers,Two more articles out today, to stir up your passionate sense of angst about the CyberTruck. But the topics of this long, boring post probably aren’t going to be of any real interest to most of you, I’d recommend just skipping it
1.Tesla Cybertruck will likely get medium-duty truck classification, like Ford Super Duty and others.
Which relates to the second article below, because this heavy duty rating may help to additionally increase the vehicle insurance rates you’ll have to pay if you buy one of these “Honey Badger of Trucks” rigs.
Of course, if you are rich enough to be afford a $69k truck, what the heck do you care about how much it’s going to cost you to insure it?
“While the Ford F-150 has been the claimed target for the Tesla Cybertruck, it looks like the government may classify it like even larger and more capable pickups. As first reported by Automotive News, the electric car company sent a letter to the California Air Resources Board (CARB) suggesting that the state not give Class 2b-3 trucks an exception to required electric vehicle sales until 2027, that instead it should have the requirements in 2024. That class is the medium-duty pickup class that consists of vehicles such as the Ford F-Series Super Duty, Chevy Silverado HD and Ram 2500. The letter goes on to note that the Cybertruck will likely fall in that category.The reason is the Cybertruck will probably be quite heavy. Vehicle classes are based on gross vehicle weight ratings (GVWR).” (per that article)
2. What will insurance costs be?
But speaking of Insurance, according to MotorTrend, the unpainted, unbreakable heavy duty stainless steel panels its body is made of might be a wash, cost wise. While those may be harder to damage (lower insurance costs), they may be more expensive to replace (higher insurance costs)
So, how might insurance for the Tesla Cybertruck compare to regular pickup trucks? according to the agent interviewed in this article, "I can only theorize at this time, but my sense is that it would cost more to insure the Tesla Cybertruck than a conventional pickup truck," Gusner said. Data points to Tesla vehicles being more expensive to insure than other vehicles.“
Another part of the equation is costs of parts...since CyberTruck parts won't be as readily available, repairs could be more costly than those for a conventional truck. Tesla claims it can provide lower insurance rates than other carriers because it has a unique understanding of its vehicles, tech, safety, and repair costs. According to Tesla's website, drivers can save up to 20 percent, and in some cases, as much as 30 percent. Tesla Insurance takes into account Tesla's active safety and driver assistance technologies in its pricing. (per MotorTrend story)
But in reality....."Most car insurance companies have not given out discounts for Tesla vehicles or other vehicles with multiple safety features—such as lane departure warning, automatic braking, collision assistance—as the insurers say they are still watching the data for proof that the features are working and cutting down on crashes and/or the severity of auto accidents that do occur," the quoted insurance agent said.
Perhaps the most interesting comments pertained to how the insurance costs could increase for the increased liability and danger presented to pedestrians and bicyclists. “Another factor affecting insurance rates is how safe a vehicle is for other parties involved in a crash.... and the insurance agent interviewed commented that “the steel body looks as if it could cause a great deal of damage to other vehicles and those on bikes and pedestrians, so (that) would be of concern to insurers.”
So here you go, just some more cannon fodder for the people who are being driven crazy by this proposed new monster truck!