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Shaw Insurance Agency Blog

Tesla Cybertruck - The Cost of Insurance Still a Mystery!

1/15/2020

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Susan Shaw
Shaw Insurance Agency - Our family serving North Texas families since 1982.
Picture
​As Insurance Professionals, we are trained to think
​“What if…?” and “If this…then what?”, however with the introduction of the soon to be manufactured Tesla Cybertruck, many of those questions remain unanswerable! 
While the projected price point for this truck is much less than the general public originally anticipated, the true cost could be factored in at a later date, perhaps at claim time.  While the 3mm-thick stainless-steel body panels are being hailed at being dent-resistant or hail resistant, (See what I did there!)  which could be assumed to help lower insurance rates, however, if the dent-resistant material is a much higher cost to fix when damaged, it would negate that and then actually increase insurance rates. 


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