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GAINSCO Car Insurance Review (With Quotes, 2022)

Owned by State Farm, GAINSCO provides auto insurance coverage for high-risk drivers in 18 U.S. states.

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Why you can trust Insurify

Insurify is America's highest-rated insurance comparison platform. We partner with the nation's top insurance companies and are licensed as an agent in all 50 states. However, the insurance experts writing our content operate independently of our partners, and you can learn more about how we make money by viewing our advertising disclosures. Also check out reviews from over 3,000 satisfied customers, our data methodology, and our editorial standards.
Katie Powers

By: Katie Powers

Edited by Jackie Cohen

Updated August 4, 2022

Quick Facts

  • The average cost of car insurance with GAINSCO is $207 per month.

  • GAINSCO is good for high-risk drivers, minimum limits, and flexible policies.

  • GAINSCO is bad for cheap rates, customer complaints, and drivers in most states.

On average, GAINSCO auto insurance is $207 per month and $2,484 per year for policyholders in the 18 states where the insurance policies are available. Individual rates with GAINSCO vary on a driver-by-driver basis depending on factors like driving history, credit history, age, vehicle type, chosen car insurance policy, set deductibles, location, and more.

GAINSCO Car Insurance Quotes by Driver History

What is the average cost of GAINSCO auto insurance?

On average, GAINSCO customers spend $207 per month and $2,484 per year for personal auto insurance. High-risk drivers insured with GAINSCO benefit from affordable rates and flexible insurance coverage.

Though GAINSCO offers quality coverage for high-risk drivers, the company still calculates auto insurance rates by considering factors like driving history, credit scores, and claims history. GAINSCO policyholders with clean driving records pay lower average rates than drivers with past recorded infractions, like DUIs, at-fault car accidents, or speeding tickets.

Driver ProfileGAINSCO Average Monthly PremiumNational Average
Clean Record$196$108
DUI$390$159
At-Fault Accident$270$122
Speeding Ticket$234$116
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

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GAINSCO Car Insurance Quotes by State

Auto insurance costs vary by state and city due to factors influenced by geographic location, including state minimum requirements, road infrastructure, crime rates, population, city, weather, and climate. Presently, insurance products from GAINSCO are available in 18 states. In addition to the states with average rates below, coverage is also available in Wisconsin and Mississippi.

StateGAINSCO Average Monthly Premium
Alabama$162
Arizona$179
Arkansas$160
Florida$220
Georgia$247
Illinois$131
Indiana$123
Missouri$191
New Mexico$130
Ohio$115
Oklahoma$163
South Carolina$284
Tennessee$184
Texas$245
Utah$177
Virginia$156
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

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GAINSCO Car Insurance Pros and Cons

GAINSCO auto insurance appeals the most to high-risk drivers in the 18 states where coverage is available. Drivers with past infractions often struggle to find auto insurers willing to work with them due to past driving and claims history. With GAINSCO, customers earn fairly affordable rates, access to SR-22 forms if necessary, minimum-limits coverage, and flexible payments.

ProsCons
  • Coverage for high-risk drivers
  • SR-22 forms available
  • Flexible policies
  • Rates more expensive than average
  • High number of customer complaints
  • Not available in all states

See More: Cheap Car Insurance

GAINSCO Car Insurance Discounts

Like most auto insurance companies, GAINSCO offers a solid range of auto insurance discounts related to driver and policy specifics. Savings opportunities include autopay, pay in full, proof of prior coverage, homeowners, condo, townhouse, mobile home, early signing, multi-car, student, and loyalty discounts. Individual driver discount eligibility varies.

Read More About Discounts: Common Car Insurance Discounts

GAINSCO Car Insurance Coverage Options

GAINSCO specializes in providing auto insurance policyholders with affordable minimum-limits coverage. Coverage opportunities exist for high-risk drivers with suspended, expired, or foreign licenses; with older model vehicles; and with SR-22 insurance compliance. As a property and casualty insurance company, GAINSCO focuses on nonstandard personal auto insurance.

Policies are underwritten by GAINSCO’s parent company, MGA Insurance Company, and include options for bodily injury and property damage liability, underinsured and uninsured motorist liability, personal injury protection, medical payments, comprehensive and collision deductibles, towing and labor, and rental reimbursement.

GAINSCO Car Insurance Reputation

Headquartered in Dallas, GAINSCO offers high-risk drivers in 18 U.S. states different types of insurance coverage for competitive rates. Customers purchase GAINSCO coverage through independent agents. Highlights from the company include minimum-limits coverage, SR-22 forms, and nonstandard auto insurance.

A subsidiary of State Farm, GAINSCO earned an A- financial strength rating from A.M. Best. According to the National Association of Insurance Commissioners (NAIC), GAINSCO customers recorded more complaints than average compared to national industry standards. GAINSCO considers policyholder driving history and works to provide drivers with cheap rates.

GAINSCO Customer Service

General questions and insurance claims can be reported and managed 24/7 over the phone at 1 (866) GAINSCO, online through the policyholder account portal at gainsco.com, or through the mobile app. Bilingual customer service is also available via 1 (866) 424-6726, Monday through Friday, from 8 a.m. to 6 p.m. Central. Payments can be made online.

GAINSCO Claims Filing Process

GAINSCO offers policyholders 24/7 access to claims services through their GAINSCO account online at gainsco.com, specifically the ability to report and track claims. The claims department is also accessible for help submitting or managing claims 24/7 by calling the phone number 1 (866) GAINSCO. Representatives and adjusters guide customers through the process.

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Frequently Asked Questions

  • GAINSCO car insurance appeals the most to high-risk drivers with past driving infractions looking for affordable rates. The company offers nonstandard coverage, access to SR-22 forms, minimum-limits coverage, 24/7 claims coverage, and bilingual customer service. Those with clean driving histories can find lower rates with companies not focused on high-risk drivers.

  • On average, GAINSCO car insurance is $207 per month and $2,484 per year. Though these rates exceed national averages, the company offers high-risk drivers affordable auto insurance coverage. Individual policyholder rates vary by driving history, credit records, claims history, age, state and city location, vehicle type, chosen coverage level, and more.

  • Like many other insurance providers, GAINSCO offers policyholders numerous policy-based and driver-based auto insurance discounts. Specific savings opportunities include autopay, pay in full, proof of prior coverage, homeowners, condo, townhouse, mobile home, early signing, multi-car, student, and loyalty discounts. Discount eligibility and specific premiums vary.

  • To find the cheapest auto insurance, you no longer have to rely on an insurance agent to walk you through the process and find potential savings. With the Insurify quote-comparison tool, you can easily compare car insurance quotes from the comfort of your home. Shopping around for your auto insurance options will help you find affordable rates that meet your coverage needs.

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  • Data scientists at Insurify analyzed over 40 million auto insurance rates across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page. The car insurance data includes coverage analysis and details on drivers' vehicles, driving records, and demographic information. With these insights, Insurify is able to offer drivers insight into how their car insurance premiums are priced by companies.

Katie Powers
Katie Powers
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Insurance Writer

Katie Powers is an insurance writer at Insurify with expertise in personal finance and auto insurance topics. She strives to help consumers make better financial decisions. Prior to joining Insurify, she completed her undergraduate and graduate degrees at Emerson College. Her work has been published in St. Louis Magazine, the Boston Globe, and elsewhere. Connect with Katie on LinkedIn.

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