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Gainsco vs. Cincinnati Insurance
Which insurance provider is right for you? Compare insights, price, and quotes from Gainsco and Cincinnati.
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- GAINSCO Auto Insurance vs Cincinnati Insurance
Gainsco vs. Cincinnati: 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.
With an A+ rating from the BBB and A.M Best, Cincinnati Insurance Company has been serving its customers since 1950. The Cincinnati Insurance company was founded in 1950 by four independent agents, two of whom were brothers, John Jack Schiff and Robert Cleveland Schiff. The company operates in 13states through nearly 1,000 selected independent agencies.
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 Cincinnati Insurance Overview.
GAINSCO Auto Insurance vs. Cincinnati Insurance: How much are the Average Rates?
Below is a list of the average rates that drivers typically pay with GAINSCO Auto Insurance and Cincinnati Insurance. On average, GAINSCO Auto Insurance charges approximately $ per month while Cincinnati Insurance comes in at around $185.24 per month. For GAINSCO Auto Insurance, the cheapest state average is at $0.00 per month and the most expensive is at $0.00 per month. For Cincinnati Insurance, the cheapest state average is Ohio at $158.80 per month and the most expensive is Virginia at $222.89 per month.
Average Rate
Average Rate
Average Rate
| State | GAINSCO Auto Insurance | Cincinnati Insurance |
|---|---|---|
| Kentucky | - | $182.50 |
| Ohio | - | $158.80 |
| Tennessee | - | $189.96 |
| Virginia | - | $222.89 |
GAINSCO Auto Insurance vs. Cincinnati Insurance: Rates by Number of Vehicle
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that GAINSCO Auto Insurance and Cincinnati Insurance typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | GAINSCO Auto Insurance | Cincinnati Insurance |
|---|---|---|
| 1 Vehicle | $ | $169.71 |
| 2 Vehicles | $ | $247.75 |
GAINSCO Auto Insurance vs. Cincinnati Insurance: Rates by Homeownership
What is Gainsco and Cincinnati Insurance Rating?
Which car insurance company is better? We've made it easy to compare companies side by side. See how Gainsco and Cincinnati ranked among the industry ratings.
| Comparison | Gainsco | Cincinnati |
|---|---|---|
| Year Founded | 1978 | 1950 |
| A.M. Best Rating | B+ | A+ |
| BBB Rating | A+ | A+ |
| Financial Strength | Above Average | Excellent |
| Moody's Rating | A1 | |
| NAIC Complaint Index | 0.22 | |
| NAIC Complaint Ratio | 2.34 | |
| S&P Rating | A+ |
Gainsco or Cincinnati: Insurance Products Offered
What coverage is available through Gainsco and Cincinnati? Both insurance companies offer Auto insurance. Additional products from Cincinnati insurance also includes Home, Life, and Umbrella 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 Cincinnati Insurance Insurance page.
| Insurance | Gainsco | Cincinnati |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Home Insurance | ✔ | |
| Life Insurance | ✔ | |
| Umbrella Insurance | ✔ |
Gainsco or Cincinnati: Ways To Save
Cincinnati offers a wide range of discounts to its policyholders, including Good Student, Healthy Living (Life Insurance), and High Deductible discounts. Whereas, Gainsco also offers a few discounts that Cincinnati doesn’t, including Renewal, Prior GAINSCO Coverage, and Prior Coverage discounts. Start taking advantage of discounts offered by insurance providers like Cincinnati and Gainsco insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
| Gainsco | Cincinnati |
|---|---|
| Advance Purchase Discount | Good Claim History Discount |
| Agency Internal Transfer Discount | Good Student Discount |
| Auto-Pay Discount | Healthy Living Discount (Life Insurance) |
| Homeowner Discount | High Deductible Discount |
| Length of Ownership (Loyalty Discount) | Multi-car Policy Discount |
| Multi-car Discount | Multi-policy Discount |
| Pay-in-Full Discount | New Home Discount |
| Prior Coverage Discount | Safety Equipment Discount (Auto, Home, Business) |
| Prior GAINSCO Coverage Discount | Safety Features Discount |
| Renewal Discount |
Pros & Cons of Gainsco & Cincinnati
Pros
Gainsco
- Flexible insurance policies
- Easily customizable policies
- Affordable rates and transparent pricing.
Cincinnati
- Cincinnati Insurance Company is dedicated to superior customer service.
- Cincinnati has the highest ratings for financial strength.
- For antique or collector car owners whose cars are less than 25 years old, Cincinnati Insurance is the best of very few options out there.
Cons
Gainsco
- High customer-complaint ratio
- The website doesn’t accept electronic payments.
Cincinnati
- Cincinnati Insurance Company only operates in 13 states.
Gainsco or Cincinnati 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 Cincinnati Insurance Mobile app is available for android and iPhones and iPads. This insurance tool is where you can manage payments, view auto policy information, download ID cards, submit glass claims, request roadside services and more.
| Gainsco Mobile App | ||
|---|---|---|
| iOS | 2.6 | 8 user reviews |
| Android | 2.9 | 8 user reviews |
| Cincinnati Mobile App | ||
|---|---|---|
| iOS | 4.6 | 5 user reviews |
| Android | 3.1 | 11 user reviews |
Gainsco & Cincinnati Contact Info
| Gainsco Contact Info | |
|---|---|
| Address | 3333 Lee Parkway, Dallas, TX 75219 |
| Phone | 1-866-424-6726 |
| Website | https://www.gainsco.com/ |
| https://www.facebook.com/GAINSCOInsurance/ | |
| https://twitter.com/GAINSCOAgency | |
| Youtube | https://www.youtube.com/channel/UCuoo1lEvzyJ7seCjj3NmerA |
| https://www.linkedin.com/company/gainsco/ | |
| Cincinnati Contact Info | |
|---|---|
| Address | 600 S. Gilmore Road, Fairfield, OH 45014-5141 |
| Phone | (888) 242-8811 |
| Website | https://www.cinfin.com/ |
| https://www.facebook.com/CincinnatiInsurance/ | |
| Youtube | https://www.youtube.com/channel/UCrqm2BGqGoKndbr6D8oRlcg |
| https://www.linkedin.com/company/the-cincinnati-insurance-companies/ | |
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.
Fran Majidi manages content on SmartFinancial's website. She's had nearly a decade's worth of experience writing about insurance-related topics. Prior, she was an arts and entertainment editor in New York City. She has a B.A. from Barnard College and an M.F.A. in writing from The New School. She writes books under her given name, Afarin Majidi.
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