Grace Kim has two years of experience in writing for finance and insurance domains such as Bankrate and Reviews.com. She has written about auto, homeowners, renters and life insurance. She has spent most of her professional experience writing about finance and tech topics.
Amelia Buckley is an insurance editor for Bankrate, covering auto, home and life insurance. She emphasizes creating informative, engaging and nuanced content to support readers in making personalized insurance decisions with confidence.
Amelia Buckley is an insurance editor for Bankrate, covering auto, home and life insurance. She emphasizes creating informative, engaging and nuanced content to support readers in making personalized insurance decisions with confidence.
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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.
GAINSCO may have good rates on minimum liability coverage for high-risk drivers in its 20-state coverage area.
GAINSCO may not be the best carrier for drivers who can qualify for standard auto insurance coverage or are looking for policy customization options.
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.
Answer a few questions to see personalized rates from top carriers
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 Insurance car insurance
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 insurance review finds that it offers policies tailored towards 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, you may also find it beneficial to look at the big picture by evaluating 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
The price you pay for 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 Insurance is unavailable, so you will need to request a quote to find out how much its coverage will cost.
If you purchase your GAINSCO policy three to 30 days before your current renewal date, you could get a 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
If a GAINSCO policyholder owns a home, mobile home, condo or townhouse, they may qualify for a discount on their GAINSCO car insurance
An action as simple as setting up automatic withdrawals could save you money on your auto insurance premium
Get personalized auto insurance quotes
Answering a few quick questions to check your availability with GAINSCO
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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
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.
Get personalized home insurance quotes
Answering a few quick questions to check your availability with GAINSCO
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.
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Compare GAINSCO with other insurers
If our GAINSCO Insurance insurance review left you wondering if this company is a good fit, you could consider requesting quotes from the carriers below:
GAINSCO Insurance 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.
It could be, depending on your circumstance and location. GAINSCO Insurance 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, as it made our list of best car insurance companies. 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.
GAINSCO Insurance 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.
To get a more complete picture of customer satisfaction, Bankrate analyzes where an insurance company falls on the National Association of Insurance Commissioners (NAIC) Complaint Index. The NAIC issues index scores by product type for each insurance company. This index reflects the number of complaints lodged against a company compared to its market share. The baseline index is 1.0. A company with an index above 1.0 receives more complaints than average and vice versa.
GAINSCO auto complaints
According to the NAIC, GAINSCO receives nearly twice the number of complaints as expected for a company of its size, although its index has come down over the past three years. This fact, coupled with the lack of data from J.D. Power insurance studies, means that drivers with customer service at top-of-mind may want to do further research before purchasing coverage from GAINSCO.
Other 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.
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.
Grace Kim has two years of experience in writing for finance and insurance domains such as Bankrate and Reviews.com. She has written about auto, homeowners, renters and life insurance. She has spent most of her professional experience writing about finance and tech topics.
Amelia Buckley is an insurance editor for Bankrate, covering auto, home and life insurance. She emphasizes creating informative, engaging and nuanced content to support readers in making personalized insurance decisions with confidence.