Which insurance carrier is right for you? Compare rates, ratings, and quotes from Gainsco and Farm Bureau.
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 1939, in Des Moines, Iowa, Farm Insurance Company was founded to meet the liability insurance needs of farmers. As the company grew and opened offices in other states, it expanded its product line to include car, home, and life insurance as well as other types of coverage. By the year 1996, the holding company, FBL Financial Group, was listed on the New York StockExchange. The company was formerly known as Farm Bureau Mutual InsuranceCompany but was reorganized and renamed in 2010. Today, the company goes by the name Farm Bureau Financial Services and is known for its superior car and home insurance products. It has around 1,600 employees and 4,000 field associates in different states.
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 Farm Bureau Mutual (IA Group) Overview.
Which car insurance company is better? We've made it easy to compare companies side by side. See how Gainsco and Farm Bureau ranked among the industry ratings.
Comparison | Gainsco | Farm Bureau |
---|---|---|
Year Founded | 1978 | 1939 |
A.M. Best Rating | B+ | A |
BBB Rating | A+ | A+ |
Financial Strength | Above Average | Excellent |
NAIC Complaint Ratio | 2.34 | 0.92 |
What coverage is available through Gainsco and Farm Bureau? Both insurance companies offer Auto insurance. Additional products from Farm Bureau insurance also includes Commercial, Condo, Farm, Health, Home, Life, Motorcycle, Renters, RV, 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 Farm Bureau Mutual (IA Group) Insurance page.
Insurance | Gainsco | Farm Bureau |
---|---|---|
Auto Insurance | ✔ | ✔ |
Commercial Insurance | ✔ | |
Condo Insurance | ✔ | |
Farm Insurance | ✔ | |
Health Insurance | ✔ | |
Home Insurance | ✔ | |
Life Insurance | ✔ | |
Motorcycle Insurance | ✔ | |
Renters Insurance | ✔ | |
RV Insurance | ✔ | |
Umbrella Insurance | ✔ |
Farm Bureau offers a wide range of discounts to its policyholders, including Continued In-Force Credit, Discounts for Multiple Cars, and Driven to Safety discounts. Whereas, Gainsco also offers a few discounts that Farm Bureau doesn’t, including Renewal, Prior GAINSCO Coverage, and Prior Coverage discounts. Start taking advantage of discounts offered by insurance providers like Farm Bureau and Gainsco insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
Gainsco | Farm Bureau |
---|---|
Advance Purchase Discount | Claim Free Discount |
Agency Internal Transfer Discount | Continued In-Force Credit |
Auto-Pay Discount | Discounts for Multiple Cars |
Homeowner Discount | Driven to Safety Discount |
Length of Ownership (Loyalty Discount) | Driveology: The Science of Save Driving® |
Multi-car Discount | Farm Bureau Member’s Choice |
Pay-in-Full Discount | Good Student Discount |
Prior Coverage Discount | Low Mileage Discount |
Prior GAINSCO Coverage Discount | Safe Young Driver Discount |
Renewal Discount |
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 Farm Bureau Member Benefits app is available for iOS and Android. This mobile app offers some benefits and services including financial services and insurance products, entertainment discounts at local attractions, savings on hotels, rental cars, vehicles, retail items and more.
Gainsco Mobile App | ||
---|---|---|
iOS | 2.6 | 8 user reviews |
Android | 2.9 | 8 user reviews |
Farm Bureau Mobile App | ||
---|---|---|
iOS | 3.8 | 15 user reviews |
Android | 3.1 | 99 user reviews |
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/ |
Farm Bureau Contact Info | |
---|---|
Address | 5400 University Avenue West Des Moines, IA 50266-5997 |
Phone | 1-866-399-3237 |
Website | https://www.fbfs.com/ |
https://www.facebook.com/FarmBureauFinancialServices | |
https://twitter.com/fbfs | |
Youtube | https://www.youtube.com/user/FarmBureauFinclSvcs |
https://www.linkedin.com/company/farm-bureau-financial-services/ |
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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