GAINSCO specializes in higher-risk drivers.
As a property and casualty insurance company, GAINSCO concentrates on the non-standard personal auto insurance market. MGA Insurance Company underwrites auto insurance policies under the brand name, GAINSCO Auto Insurance. The company specializes in minimum-limits personal auto insurance and SR-22s. In 2021, State Farm purchased GAINSCO, folding it into its extensive umbrella of companies. GAINSCO has a reputation for assisting drivers with less-than-spotless records, a service that not all insurance companies offer.
GAINSCO offers affordable minimum-limits coverage. The company concentrates on helping drivers who need coverage because of suspended, expired, or foreign licenses. GAINSCO also provides insurance for older model vehicles. One of its hallmarks is helping policyholders comply with SR-22 documentation.
Insures drivers with spotty driving histories
Can file SR-22 or FR-44 forms on behalf of policyholders. Certain states require these forms after a DUI or other serious driving-related offenses.
Provides non-owner insurance (liability insurance) if the customer doesn’t own a vehicle
Offers online quotes
Has bilingual customer service
Higher-than-average number of customer complaints
Although it offers full coverage, GAINSCO focuses on minimum-limits coverage in auto policies.
GAINSCO’s rates depend on many factors, including driving record, age, sex, ZIP code, and vehicle. However, the average annual cost is $1,389, making GAINSCO a relatively inexpensive option for high-risk drivers compared to the insurance industry average of $2,508. To find out your exact rate, contact the company and provide your personal information.
GAINSCO offers a competitive PIF discount when you pay in advance for your auto policy.
Lower your premiums by signing up for automatic payments with GAINSCO’s AutoPay program.
The company offers a discount if your record shows at least four continuous months of prior auto insurance coverage with a less than a 60-day coverage lapse before your GAINSCO policy goes into effect.
If you own a home, including a condo, townhouse, or mobile home, you could receive a discount on your auto insurance.
GAINSCO gives customers a discount for insuring more than one vehicle on a single policy.
GAINSCO auto insurance is available in 18 states:
GAINSCO offers a team of bilingual agents and customer service representatives who speak English and Spanish to assist potential customers. Customers can call the company at 866-424-6726. Customer service representatives hours are as follows:
These are the sales agents hours:
You can also email the company at firstname.lastname@example.org. File claims through customer service or online at https://www.gainsco.com/customers/report-a-claim/.
GAINSCO provides auto insurance quotes online here: https://www.gainscoagency.com/gainsco-agency/getyourquote/. The online quote process is available in Spanish as well.
The company also has an app for iOS and Android. For iOS users, the GAINSCO Quick Estimate App is rated 2.7 out of five stars. The Quick Estimate app guides you through the claims submission process, including uploading photos of vehicle damage, to receive an estimate for your claim.
The GAINSCO Mobile App for Android users has more options. This app has an average rating of 3.4 stars. Users of the GAINSCO Auto Insurance App can do all of the following:
Android users can manage their GAINSCO account entirely through its mobile app, while iOS users can only file claims.
GAINSCO has more consumer complaints than average, but it has also received excellent financial strength and credit ratings.
With a less than 1 percent share of the U.S. auto insurance market as of 2022, GAINSCO Auto Insurance first opened in Dallas, Texas, in 1978. MGA Insurance Company, Inc. underwrites GAINSCO insurance policies. In 2021, State Farm Mutual Automobile Insurance Company finalized its acquisition of GAINSCO for approximately $400 million in cash.5
GAINSCO was founded specifically to provide insurance to high-risk drivers.
Unlike many other auto insurance companies, GAINSCO does not provide additional insurance options, such as homeowners or renters insurance.
To cancel a car insurance policy with GAINSCO, contact your local insurance agent or call GAINSCO directly at 1-866-GAINSCO. The provider will refund any prepaid portion of your insurance if you cancel during your policy term.
No, GAINSCO is not the same company as Progressive. State Farm owns GAINSCO, while Progressive is a completely separate company.
GAINSCO generally offers a grace period of around seven days from the premium due date. The exact duration of the grace period differs by state. The grace period is in effect in the event of a non-payment/short-pay (that is, if the policyholder only paid part of the amount due), and the full payment is postmarked/received within seven days of the premium due date. If the full payment is received during the grace period, the company considers the policy as remaining in full force without a lapse in coverage.
The cost of adding a vehicle to your GAINSCO auto insurance policy depends on several factors, including the make and model of the second vehicle. GAINSCO might also consider your driving history when calculating the additional cost. However, GAINSCO offers a multicar discount to its customers, so you could save money on each car’s policy.
GAINSCO Auto Insurance Fast Facts. GAINSCO. (2017, Oct).
AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Its Subsidiaries. AM BEST. (2022, Sep 9).
GAINSCO, INC. Better Business Bureau. (2022).
Results by Complaint Index. National Association of Insurance Commissioners. (2022).
State Farm® to Acquire GAINSCO. State Farm Newsroom. (2021, Jan 4).