GAINSCO Insurance vs. other insurance companies
The car insurance market is highly saturated. With so many auto insurance providers out there, it’s a good idea to see how GAINSCO compares to other car insurance options.
GAINSCO vs. Infinity
Kemper Insurance acquired Infinity in 2018, but Infinity still operates under its own name in California. Just like GAINSCO, it offers nonstandard policies, but it’s only available in Arizona, California, Florida, Georgia, and Texas. However, average policies from Infinity are more expensive than GAINSCO’s. A GAINSCO full-coverage policy costs $284 a month on average, compared to Infinity’s $411 average monthly cost. For liability-only insurance, GAINSCO costs an average of $156 a month and Infinity costs an average of $283 a month.
GAINSCO vs. Progressive
Progressive Mutual Insurance Company has been in the car insurance market since 1937. Unlike GAINSCO, it offers a number of other insurance products, such as home insurance and commercial insurance. Drivers can score a Progressive bundling discount and save an average of 20% if they enroll in auto and home insurance policies.
While Progressive doesn’t specialize in SR-22 insurance or high-risk car insurance, its rates are comparable to GAINSCO’s. A GAINSCO full-coverage insurance policy costs an average of $284 a month, while Progressive’s full-coverage insurance costs an average of $238 a month. For liability-only coverage, GAINSCO costs an average of $156 and Progressive costs an average of $161.
GAINSCO vs. State Farm
GAINSCO is actually a subsidiary of State Farm. State Farm is known for a robust lineup of products as well as two telematics programs called Drive Safe & Save and Steer Clear, which may help you save on your premiums. Plus, it offers far more discounts than GAINSCO.
These discounts may be reflected in the slightly lower average rates with State Farm. GAINSCO’s full-coverage car insurance costs an average of $283 a month, and State Farm’s full coverage costs an average of $175 a month. Additionally, State Farm’s liability-only monthly average cost is $125, compared to GAINSCO’s $156.
GAINSCO Insurance pros and cons
Focus on nonstandard car insurance: GAINSCO’s only offering is nonstandard auto insurance for high-risk drivers with serious traffic violations, like DUIs and speeding tickets. If you’re having trouble getting a policy elsewhere, GAINSCO might be a good option.
Agent network: GAINSCO has more than 20,000 independent agents across 19 states. This is great news if you prefer a personal service experience.
Mobile app: GAINSCO has a full-service mobile app. You can use it to request a quote or manage your auto policy.
Limited coverage: Compared to other car insurance companies, GAINSCO offers fewer coverage options.
Many negative reviews: Most review sites are filled with poor GAINSCO reviews. This may indicate that a GAINSCO auto policy is risky to get.
Not available everywhere: GAINSCO car insurance products are only available in 19 states. You might have to find another provider if you live somewhere it doesn’t serve.
Filing an auto insurance claim with GAINSCO Insurance
After a car accident, you can submit an auto insurance claim to request reimbursement for your expenses. GAINSCO lets you file a claim online through its website or mobile app. The claims department is available 24/7 to help you complete a claim form or manage a claim. You can also work with an independent agent if you need hands-on assistance.