GAINSCO Insurance review 2025
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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.
- 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
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 May 2025, the national average cost of car insurance is $2,692 for full coverage and $808 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.
GAINSCO car insurance discounts
GAINSCO offers a handful of discounts that may help you save on your car insurance, including:
- 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
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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.
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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 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.
Get personalized home 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.
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.
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
Why you can trust Bankrate
Read our full methodologyThe 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
