Potential rates for nonstandard insurance.
GAINSCO specializes in insurance for high-risk drivers, especially those who need SR-22s. With a network of over 7,000 agents, GAINSCO has the feel of a neighborhood insurer with the backing of the nationwide auto insurance leader State Farm. If you want to learn more about GAINSCO’s pricing, this page breaks down its average rates and more.
Individual rates for auto insurance will depend on your driving record, coverage choice, credit history, age, vehicle type, location, and more. The average annual rate from GAINSCO is $1,389. Your yearly rate may range from $792 to $2,078 on average. Here are how your rates could differ based on your driver profile:
Although GAINSCO offers a small range of auto insurance discounts, it has plenty of flexibility around customizing your coverage.
|Discount type||Discount qualification|
|Advance shopping||If you bind your policy three to 30 days before the policy start date|
|Pay in full||If you pay your premium in full|
|Autopay||If you select automatic payments|
|Prior coverage||If you had four months of continuous coverage from GAINSCO or another insurer with less than a 60-day lapse in coverage before your GAINSCO policy’s effective date|
|Homeowner||If you own a home|
|Renewal||If you renew your GAINSCO policy|
|Multicar||If you have more than one vehicle|
Towing and rental coverage from GAINSCO pays for towing charges and a rental car when your vehicle is getting a repair. This coverage will reimburse you for up to $40 per day and $1,200 per occurrence for related expenses.
An SR-22 form is an official document proving you meet the minimum car insurance in your state. Not all insurers will accept drivers who need SR-22 coverage.
You may need an SR-22 if any of the following is true:
GAINSCO’s auto insurance rates are lower than other nonstandard insurers, generally. If you’re high-risk and need an SR-22, you can call GAINSCO’s customer service to speak with an agent who will help you complete the application process. Filing fees will vary by state.
If you want to purchase your policy with GAINSCO and live in Florida or Virginia, you may be required to file an FR-44. An FR-44 certificate provides similar proof of coverage to an SR-22, but certain states require an FR-44 for more severe violations such as a DUI or DWI.
Since State Farm acquired GAINSCO in 2020, this company’s AM Best rating rose from a B+ (good) to an A- (excellent).1 As America’s largest property and casualty insurance provider, State Farm solidifies GAINSCO’s financial backing with its century-long insurance experience and nationwide market base.2
Monitoring your insurance provider’s financial strength rating is essential because it conveys the company’s ability to pay out your claims. If you suffer an injury or loss due to an accident, you want to be able to depend on your insurance company to repay those coverages.
With GAINSCO, you can add coverage for the following equipment:
Custom and additional equipment coverage protects up to $2,500 of replacement and repair costs. However, you must present photos and receipts for the damages before coverage can apply.
GAINSCO offers insurance in 18 states:
To cancel your GAINSCO policy, call customer service at 1-866-424-6726. This line will put you in touch with an agent who will walk you through the cancellation process.
You should always have other auto insurance lined up before canceling your current auto policy. A lapse in coverage could put you in the high-risk category of drivers with lapses in insurance and leave you unprotected in an accident.
You can get your customer service inquiries about quotes, claims, and payments answered via the following channels:
GAINSCO’s customer service line is available in English or Spanish. Dial GAINSCO’s phone line at 1-866-GAINSCO. The automated line will relay all options in both English and Spanish.
If you are searching for local insurance agents or just want reliable nonstandard coverage, GAINSCO has the network and policy options to keep you and your vehicle protected. Explore our full GAINSCO review for an in-depth look at its auto insurance.
You can make a payment on your GAINSCO policy via check, credit, or debit:
No, GAINSCO does not offer home or life insurance.
No, you cannot purchase rideshare insurance with GAINSCO, as it does not offer rideshare insurance.
No, there is no grace period for late payments on your GAINSCO policy. You will have to pay a late fee for every missed payment. Late fees differ by state.
MGA Insurance Company, Inc. AM Best. (2022, Sep 9).
State Farm® to Acquire GAINSCO. State Farm Newsroom. (2021, Jan 4).
Home Page. Gainsco Auto Insurance. (2022).