GAINSCO Insurance review 2024

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.

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.

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.

Learn more: Travelers review

GAINSCO vs. Geico

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.

Learn more: Geico review

GAINSCO vs. Dairyland

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.

Learn more: Dairyland review

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

Bankrate utilizes Quadrant Information Services to analyze November 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region.

Auto

Quoted rates are based on a single, 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.