Gainsco vs. Chubb Insurance

Which insurance carrier is right for you? Compare discounts, coverage, and quotes from Gainsco and Chubb.

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Gainsco vs. Chubb: What You Need to Know

Established in 1978 as a Texas corporation, Gainsco is a property and casualty insurance holding company, concentrating their efforts on the non-standard personal automobile market, specializing in minimum-limits personal auto insurance. They do offer full and standard coverage as well but specialize in minimum liability coverage. The company is based in Dallas, with a regional office in Miami and its operations are conducted through MGA Insurance Company Inc., a Texas corporation. Gainsco sponsors a racing team, the GAINSCO/Bob Stallings Racing team, which won the Grand-AM Rolex Sports Car Series twice with the No. 99 GAINSCO “Red Dragon” DaytonaPrototype. Gainsco sells insurance through independent partner agents in the District of Columbia and 44 states that include Arizona, Florida, Georgia, New Mexico, Oklahoma, South Carolina, Texas, and Virginia. All customer service needs can be met in English or Spanish.

In 1882, Thomas Caldecot Chubb and his son Percy, founded Chubb & Son in New York City selling with marine insurance. In 1901, Percy organized the Federal Insurance Company, writing marine insurance and expanded into fire two years later. The company acquired control of U.S Guarantee Company in1921 and they opened their first branch outside the U.S in Montreal, Canadain 1928. In the year 1967, the company changed its name to Chubb Corporation and at the same time, they acquired the Pacific Indemnity Companies. In 1984 Chubb was listed on the New York Stock Exchange and their business expanded overseas by 1990. Today, Chubb is the world’s largest publicly traded P&C insurance company and the largest commercial insurer in the U.S, operating in 54 countries and provides property and casualty insurance to businesses and individuals, including personal products such as auto, home, travel, natural disasters, valuables, boats & yachts, cyber and life & health protection.

Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit GAINSCO Auto Insurance Overview and Chubb Overview.

GAINSCO Auto Insurance vs. Chubb: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with GAINSCO Auto Insurance and Chubb. On average, GAINSCO Auto Insurance charges approximately $144.44 per month while Chubb comes in at around $222.84 per month. For GAINSCO Auto Insurance, the cheapest state average is South Carolina at $229.67 per month and the most expensive is South Carolina at $229.67 per month. For Chubb, the cheapest state average is Washington at $119.00 per month and the most expensive is New York at $342.51 per month.

GAINSCO Auto Insurance

Average Rate

$144.44
Chubb

Average Rate

$222.84
National

Average Rate

$120.03
State GAINSCO Auto Insurance Chubb
Michigan- $185.10
New York- $342.51
Pennsylvania- $221.03
South Carolina $229.67 -
Tennessee- $141.30
Texas- $190.07
Virginia- $145.15
Washington- $119.00

GAINSCO Auto Insurance vs. Chubb: Rates by Number of Vehicle

Home

Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that GAINSCO Auto Insurance and Chubb typically charge for drivers who have more than 1 vehicle.

Number of Vehicles GAINSCO Auto Insurance Chubb
1 Vehicle $125.80 $214.60
2 Vehicles $ $255.21
3 Vehicles $ $348.91
4 Vehicles $ $387.06

GAINSCO Auto Insurance vs. Chubb: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average GAINSCO Auto Insurance charges $122.40 per month and Chubb charges $196.18 per month for customers who own their home.

Own/Rent GAINSCO Auto Insurance Chubb
Own $122.40 $196.18
Rent $150.14 $234.03

What is Gainsco and Chubb Insurance Rating?

Which car insurance company is better? We've made it easy to compare companies side by side. See how Gainsco and Chubb ranked among the industry ratings.

ComparisonGainscoChubb
Year Founded19781882
Market Share2.95%
A.M. Best RatingB+
BBB RatingA+
Financial StrengthAbove AverageExcellent
Fitch RatingAA
Moody’s RatingAa3
NAIC Complaint Index0.46
NAIC Complaint Ratio2.34
S&P RatingAA

Gainsco or Chubb: Insurance Products Offered

What coverage is available through Gainsco and Chubb? Both insurance companies offer Auto insurance. Additional products from Chubb insurance also includes Commercial, Home, and RV insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit GAINSCO Auto Insurance and Chubb Insurance page.

InsuranceGainscoChubb
Auto Insurance
Commercial Insurance
Home Insurance
RV Insurance

Gainsco or Chubb: Ways To Save

Chubb offers a wide range of discounts to its policyholders, including Airbag, Anti-lock Braking System, and Anti-theft discounts. Whereas, Gainsco also offers a few discounts that Chubb doesn’t, including Renewal, Prior GAINSCO Coverage, and Prior Coverage discounts. Start taking advantage of discounts offered by insurance providers like Chubb and Gainsco insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

GainscoChubb
Advance Purchase DiscountAccident-Free Discount
Agency Internal Transfer DiscountAirbag Discount
Auto-Pay DiscountAnti-lock Braking System Discount
Homeowner DiscountAnti-theft Discount
Length of Ownership (Loyalty Discount)College Graduate Discount
Multi-car DiscountDefensive Driving Discount
Pay-in-Full DiscountGood Student Discount
Prior Coverage DiscountMulti-Vehicle Discount
Prior GAINSCO Coverage Discount
Renewal Discount

Pros & Cons of Gainsco & Chubb

Pros

Gainsco
  • Flexible insurance policies
  • Easily customizable policies
  • Affordable rates and transparent pricing.
Chubb
  • Industry-leading claims and risk engineering services.
  • Efficiency in paying claims and solid reputation.
  • Multi-policy discounts and credits available.
  • High level of expertise.

Cons

Gainsco
  • High customer-complaint ratio
  • The website doesn’t accept electronic payments.
Chubb
  • Higher than the average rates, since it’s a premier carrier.

Gainsco or Chubb Mobile Apps Options

The Gainsco mobile app is available for iOS and Android. This mobile app offers some benefits and services including requesting a quote, making a payment, reporting a claim, requesting an agent, contacting the insurer, and getting the latest Gainsco news.

The Chubb Mobile app is available for android and iPhones and iPads. The app features fingerprint and facial login to a dashboard where you can manage payments, download ID cards, submit claims, check the agent information and more.

Gainsco Mobile App
iOS     2.68 user reviews
Android     2.98 user reviews
Chubb Mobile App
iOS     3.314 user reviews
Android     2.36 user reviews

Gainsco & Chubb Contact Info

Gainsco Contact Info
Address3333 Lee Parkway, Dallas, TX 75219
Phone1-866-424-6726
Websitehttps://www.gainsco.com/
Facebookhttps://www.facebook.com/GAINSCOInsurance/
Twitterhttps://twitter.com/GAINSCOAgency
Youtubehttps://www.youtube.com/channel/UCuoo1lEvzyJ7seCjj3NmerA
Linkedinhttps://www.linkedin.com/company/gainsco/
Chubb Contact Info
Address15 Mountainview Rd, Warren, NJ 07059
Phone(908) 903-2000
Websitehttps://www.chubb.com/us-en/
Facebookhttps://www.facebook.com/ChubbInsurance/
Youtubehttps://www.youtube.com/channel
Linkedinhttps://www.linkedin.com/company/chubb/

Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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