GAINSCO Auto Insurance Review (2022)
GAINSCO, a subsidiary of State Farm, offers non-standard coverage to high-risk drivers in 17 states.
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Written by
Rachel Bodine |
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Reviewed by
Daniel Walker
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UPDATED: Sep 23, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Sep 23, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
The Bottom Line
GAINSCO offers non-standard car insurance to high-risk drivers. As a result, the company has limited coverage options and a significant number of customer complaints.
Still, if you’re a high-risk driver and are having trouble finding proper coverage, GAINSCO could be a good option. You can go to the company’s website to get a coverage quote and see how much GAINSCO auto insurance would cost you.
There are a lot of options when it comes to car insurance. But if you’re a high-risk driver, you may find it challenging to find proper coverage. While certain companies won’t offer coverage to high-risk drivers, GAINSCO Insurance offers standard coverage options to people with bad driving records.
As you search for the best car insurance companies in your area, GAINSCO could be an excellent option. The company files SR-22 forms and offers online quotes to potential customers.
Unfortunately, GAINSCO is only available in 17 states and does have a significant number of customer complaints.
GAINSCO Auto Insurance Rates
How much is GAINSCO auto insurance?
Rates for GAINSCO car insurance vary based on several factors such as age and gender. State Farm, GAINSCO’s parent company, offers some of the cheapest rates for minimum coverage compared to other big names in auto insurance.
The table below shows how GAINSCO (State Farm) stacks up to the competition.
Insurance Company Average Minimum Coverage Rates
Allstate $605
American Family $582
Farmers $674
GEICO $290
Liberty Mutual $771
Nationwide $588
Progressive $484
State Farm $408
Travelers $471
Average $541
And State Farm’s full coverage rates are also one of the cheapest among many of the well-known options in the U.S.
See below how State Farm compares to other top auto insurance companies.
Insurance Company Average Full Coverage Rates
Allstate $1,993
American Family $1,386
Farmers $1,674
GEICO $984
Liberty Mutual $2,120
Nationwide $1,445
Progressive $1,310
State Farm $1,091
Travelers $1,287
Average $1,477
Still, GAINSCO rates will likely be more expensive than those with State Farm or many other companies because of the risk associated with non-standard coverage.
How does your driving history affect your GAINSCO rates?
Your driving history plays a vital role in determining your rates with any insurance company. GAINSCO’s offers competitive rates for high-risk drivers with a not-so-stellar driving record.
You can get an idea of how much you might pay after a speeding ticket by comparing the top insurance companies’ rates below.
Insurance Company Rates with a Ticket Rates with a Clean Record
Allstate $2,342 $1,993
American Family $1,571 $1,386
Farmers $2,108 $1,674
GEICO $1,282 $984
Liberty Mutual $2,600 $2,120
Nationwide $1,737 $1,445
Progressive $1,710 $1,310
State Farm $1,227 $1,091
Travelers $1,780 $1,287
Average $1,818 $1,477
Rates for drivers involved in an accident will also be higher than those with a clean record. See rates from the top insurance companies below to learn what you can expect.
Insurance Company Rates with an Accident Rates with a Clean Record
Allstate $2,848 $1,993
American Family $2,000 $1,386
Farmers $2,383 $1,674
GEICO $1,595 $984
Liberty Mutual $2,840 $2,120
Nationwide $1,983 $1,445
Progressive $2,284 $1,310
State Farm $1,285 $1,091
Travelers $1,888 $1,287
Average $2,123 $1,477
If you have a DUI on your record, you’ll definitely pay more for insurance and many insurers will refuse to cover you at all. But we’ve put together a list of the top insurance companies that do offer DUI insurance.
Insurance Company Rates with a DUI Rates with a Clean Record
Allstate $3,638 $1,993
American Family $2,124 $1,386
Farmers $2,296 $1,674
GEICO $2,566 $984
Liberty Mutual $3,900 $2,120
Nationwide $3,028 $1,445
Progressive $1,760 $1,310
State Farm $1,490 $1,091
Travelers $2,765 $1,287
Average $2,619 $1,477
You can go to the company's website and get a quote to learn how much you would pay for GAINSCO auto insurance coverage. However, before you make any final decisions, compare your GAINSCO insurance quote to quotes from other companies in your area.
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GAINSCO Auto Insurance Discounts Available
GAINSCO Auto Insurance Discounts Available
GAINSCO offers several options for people to save money with auto insurance discounts, including:
- Auto-pay
- Paid-in-full
- Homeowners
- Multi-car
- Loyalty
- Early signing
Discounts can help people save as much as 25% on car insurance. You can ask a GAINSCO representative how much you could save using the company’s discount options.
GAINSCO Auto Insurance Coverage Options
GAINSCO offers coverage that meets each state’s minimum requirements. These coverage options include:
- Bodily injury liability
- Property damage liability
- Personal injury protection
- Medical payments
GAINSCO also offers the following add-on coverage options:
- SR-22 form. If your state requires you to show proof of financial responsibility, you may have to file an SR-22 form. Not all insurance companies will do this, but GAINSCO offers this coverage via State Farm’s SR-22 insurance.
- Non-owner insurance. If you regularly drive someone else’s car, non-owner coverage offers liability protection so you don’t have to pay for repairs out of pocket.
While State Farm does offer SR-22 coverage, the company may decline to file a form on your behalf. This is why many people decide to pursue coverage with GAINSCO instead of one of the larger companies.
GAINSCO essentially uses a State Farm SR-22 form, as State Farm is GAINSCO’s parent company. Still, GAINSCO is more likely to offer coverage to individuals with a DUI or another significant violation on their driving record.
Unlike many other auto insurance companies, GAINSCO does not offer many coverage options. Therefore, if you are not a high-risk driver and you don’t need an SR-22 filing, you may want to look elsewhere for coverage.
GAINSCO Auto Insurance vs. Competitors
GAINSCO has an A- (Excellent) financial strength rating with A.M. Best. However, according to the National Association of Insurance Commissioners (NAIC), GAINSCO policyholders have filed many complaints against the company.
Based on the GAINSCO insurance reviews, GAINSCO policyholders are unhappy with the company’s customer service, the speed with which the company issues insurance payments, and the overall process for filing claims.
If you’re considering purchasing a policy with GAINSCO, you may want to read a few GAINSCO car insurance reviews ahead of time to hear customer opinions.
Frequently Asked Questions
Does State Farm provide SR-22 insurance?
State Farm does have SR-22 insurance, but the company may not be willing to offer this coverage to many high-risk drivers. This is why GAINSCO could be a better option for someone with significant violations on their driving record.
How can I get a GAINSCO car insurance quote?
GAINSCO offers quotes on the company website, or you can call 866-424-6726 to speak with a local insurance agent.
In which states is GAINSCO available?
GAINSCO offers insurance coverage in Alabama, Arkansas, Arizona, Florida, Georgia, Illinois, Indiana, New Mexico, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and Virginia.
How can I file a claim with GAINSCO?
GAINSCO offers policyholders the opportunity to use the Android app to file claims. Customers can also call 866-424-6726 for assistance.
How can I pay my GAINSCO car insurance premium?
You can make payments on GAINSCO’s website. You can also make payments over the phone, by mailing a check, or by visiting a local office.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
|
Written by
Rachel Bodine |
|
Reviewed by
Daniel Walker
|