Shannon Martin is a licensed insurance agent and Bankrate analyst with over 15 years of experience in the industry. She enjoys helping others navigate the insurance world by cutting through complex jargon and empowering readers to make strong financial decisions independently.
Lisa McArdle is an insurance editor who joined the Bankrate team in 2023. She has more than 15 years of experience writing, editing and managing content in a variety of industries, including insurance, auto news and pop culture.
Lisa McArdle is an insurance editor who joined the Bankrate team in 2023. She has more than 15 years of experience writing, editing and managing content in a variety of industries, including insurance, auto news and pop culture.
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have 9 licensed insurance agents on staff who have spent a combined 78 years in the insurance industry. While we adhere to strict
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Bankrate’s editorial team writes on behalf of YOU — the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict
editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
Insurance Disclosure
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
At a glance
Bankrate's take
Policyholders with less-than-stellar rating factors such as a lapse of insurance, at-fault accidents, moving violations or (in some states) a low credit-based insurance score might consider GAINSCO as their company of choice.
Offers non-standard coverage
Provides SR-22 filings
Auto insurance is only available to drivers in 20 states
Limited policy customization options
Homeowners insurance may be available through partner site Hippo Insurance
New
What’s new with GAINSCO Insurance?
GAINSCO expanded its services into two new states in 2023 and now offers coverage in Oregon and Maryland.
GAINSCO car insurance review
Owned by State Farm, GAINSCO sells car insurance exclusively through independent agents and digital channels, and specializes in non-standard and minimum-limits car insurance. Bankrate’s GAINSCO insurance review finds that the company offers policies tailored toward drivers looking for high-risk car insurance. The company may insure drivers with suspended or expired licenses, and it provides SR-22 filings as well as non-owner car insurance. However, this carrier may not meet the needs of a typical driver looking for more robust coverage.
Along with digital options like an online policy portal and mobile app, GAINSCO has several payment plans and discount options, which may appeal to those looking for the cheapest car insurance.
GAINSCO offers no-frills coverage options, including the standard types you would expect, such as liability, uninsured motorist, underinsured motorist, personal injury protection, comprehensive and collision. In addition to these, some add-ons are available, including towing and labor and rental reimbursement.
Pros and cons of GAINSCO car insurance
Although comparing car insurance rates is an integral part of the shopping process, it may also be beneficial to evaluate a company's pros and cons.
Pros
Drivers who can’t find coverage with standard carriers may qualify for coverage with GAINSCO
Owned by State Farm, the largest U.S. insurance company by market share
Company has bilingual agents on staff
Cons
Coverage options and product lines are sparse
More than double the number of NAIC complaints than average
Customer service contact center is not open 24/7
GAINSCO car insurance cost
As of April 2025, the national average cost of car insurance is $2,685 for full coverage and $800 for minimal coverage. The price for your auto insurance depends on several factors, including your driving record, location, type of vehicle you drive, and in some states, your credit-based insurance score. With this in mind, you may be paying more or less than the average rate.
Premium data from GAINSCO is unavailable, so you will need to request a quote to determine if it meets your coverage and budget requirements.
GAINSCO customer satisfaction
Bankrate’s insurance editorial team studies third-party scores from J.D. Power and ratings from AM Best to evaluate customer satisfaction. However, J.D. Power did not include GAINSCO in any of its 2022 or 2023 auto insurance studies, which is not uncommon for smaller regional carriers. In lieu of these scores, you might find it helpful to speak with friends or family insured with GAINSCO to ask about their experience, especially if you are searching for the best car insurance company. AM Best did recently upgrade GAINSCO Insurance's rating from B++ to A- in 2021.
GAINSCO auto insurance customer complaints
The National Association of Insurance Commissioners (NAIC) created a database to collect customer complaints for each insurance company. By giving a baseline score of 1.0, customers can compare the amount of complaints carriers receive based on their size. A score above 1.0 indicates a higher level of complaints, and a score below 1.0 shows a lower level of complaints.
While GAINSO has consistently scored higher than 1.0, its score has steadily trended downwards and shown improvement over the past few years.
NAIC Complaint Index for auto insurance
Line chart with 3 data points.
The chart has 1 X axis displaying Year. Data ranges from 2021-01-01 00:00:00 to 2023-01-01 00:00:00.
The chart has 1 Y axis displaying Score. Data ranges from 1.29 to 1.97.
Advance shopping discount: If you purchase your GAINSCO policy three to 30 days before your current renewal date, you could get a discount
Pay-in-full discount: GAINSCO offers several plans that spread out policy payments over several months. However, if policyholders choose to pay in full, they may be able to save money
Homeowner’s discount: If a GAINSCO policyholder owns a home, mobile home, condo or townhouse, they may qualify for a discount on their GAINSCO car insurance
AutoPay discount: An action as simple as setting up automatic withdrawals could save you money on your auto insurance premium
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Get personalized auto insurance quotes
Answering a few quick questions to check your availability with GAINSCO
Your information is kept secure5 digit Zip code is required
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
GAINSCO home insurance review
GAINSCO does not write or sell homeowners insurance, but homeowners coverage may be available through GAINSCO’s partner Hippo Insurance. You may want to speak directly with a Hippo agent for more information.
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Get personalized home insurance quotes
Answering a few quick questions to check your availability with GAINSCO
Your information is kept secure5 digit Zip code is required
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare GAINSCO with other insurers
If our GAINSCO insurance review left you wondering if this company is a good fit, you could consider requesting quotes from the carriers below:
GAINSCO vs. Travelers
If you qualify for standard auto coverage or live outside of GAINSCO's coverage area, you might consider Travelers. The carrier offers low average rates for drivers with speeding tickets and at-fault accidents and some unique discounts for potential premium savings. If you’re looking for multiple product lines or broader coverage, you may want to consider this provider.
Geico could be a good alternative thanks to its nationwide availability, excellent financial strength and dozens of discounts. It’s known for providing coverage to policyholders who have incidents on their record, and is highly rated by agencies such as J.D. Power and AM Best.
If you’re looking for a company that offers non-standard car insurance and issues SR-22s, but GAINSCO doesn’t write policies in your state, Dairyland may be an option to consider. Dairyland is available in 37 states and has an A+ (Superior) AM best financial strength rating.
The insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers the information they need to make educated decisions when shopping for a policy.
78
years of industry experience
9
licensed staff
34.5K
ZIP codes examined
120
carriers reviewed
Is GAINSCO Insurance a good insurance company?
It could be, depending on your circumstance and location. GAINSCO may be best for drivers seeking high-risk auto insurance, SR-22 filings and minimum coverage. It’s also owned by State Farm, which could appeal to some. However, shoppers with a typical driving record or standard rating factors might find GAINSCO’s coverage options lacking. Customer service may also be an issue for this company, based on its NAIC index score.
What are real-life customers saying about GAINSCO?
When evaluating rates and services from any insurance company, hearing what current customers say about their experience can help you with your decision. On online forums like Reddit, Quora and Trustpilot, customers can post about a variety of topics such as rate changes, customer and claims service, non-renewals and more.
GAINSCO doesn’t have a very strong online presence in terms of helpful customer reviews. After reviewing Reddit, Quora and Trustpilot, the general consensus is that GAINSCO may be cheaper than standard carriers, but the rates are high and the customer service is lacking.
GAINSCO company details
GAINSCO offers online, in-person and over-the-phone contact options for those looking to make payments, get quotes or start a policy.
For sales, customer service or claims call 1-833-424-6726
Bilingual options are available
To file a claim or make a payment, log into your policy at gainsco.com
For correspondence via mail: GAINSCO, P.O.Box 199023, Dallas, Texas 75219-3023
State availability
GAINSCO auto policies are available in 20 states: AZ, NM, UT, TX, OK, TN, VA, SC, GA, FL, AL, OH, IN, AR, IL, MO, WI, MS, MD and OR.
GAINSCO tools and benefits
Drivers in covered GAINSCO states may be interested in the company’s other available features.
Local agents: GAINSCO operates through a network of more than 7,000 independent agents.
Mobile app: GAINSCO has a full-service mobile app available to Android users through Google Play. Apple users only have access to the company’s Quick Estimate claims app.
Digital tools: GAINSCO’s website offers digital quotes, a repository for frequently asked questions and an online portal for making payments or managing your policy.
Assistance for Spanish speakers: Bilingual customer support is available in English or Spanish at 1-866-GAINSCO.
Frequently asked questions about GAINSCO
GAINSCO Gives is GAINSCO’s program for giving back to the community, which the company shares is an “essential part of the GAINSCO culture.” Most recently, GAINSCO sales leaders spent the 2022 holiday season volunteering and donating to their chosen charities. Among the organizations selected included Operation Blue Santa, which provides Austin families in need with gifts during the holiday, and Ironton Lions Club, which supports multiple community youth and senior citizen programs.
One significant component of our Bankrate Score relies on gathering third-party customer service and claim rankings. Due to GAINSCO’s limited availability, there isn’t much information about its customer service, and its car insurance rates are not publicly available.
Filing a car insurance claim can seem intimidating, but gathering some basic information beforehand can help streamline the process. Your insurance company may ask for the vehicle and driver details for all involved in the accident, your accounting of what happened, any supporting documentation such as a police report and, if available, damage photos.
Once you have what you need, you can file a claim with GAINSCO Insurance car insurance by:
Reporting it through GAINSCO’s Quick Estimate app available on Google Play and the App store.
No, GAINSCO does not write or sell homeowners insurance. However, the carrier partners with Hippo Insurance, which does sell home insurance. You can speak directly with a Hippo agent for assistance.
Shannon Martin is a licensed insurance agent and Bankrate analyst with over 15 years of experience in the industry. She enjoys helping others navigate the insurance world by cutting through complex jargon and empowering readers to make strong financial decisions independently.
Lisa McArdle is an insurance editor who joined the Bankrate team in 2023. She has more than 15 years of experience writing, editing and managing content in a variety of industries, including insurance, auto news and pop culture.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Editorial Independence
Bankrate’s editorial team writes on behalf of YOU — the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict
editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
Insurance Disclosure
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
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