Gainsco vs. Farm Bureau Insurance

Which insurance carrier is right for you? Compare rates, ratings, and quotes from Gainsco and Farm Bureau.

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Gainsco vs. Farm Bureau: 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 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.

GAINSCO Auto Insurance vs. Farm Bureau Mutual (IA Group): How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with GAINSCO Auto Insurance and Farm Bureau Mutual (IA Group). On average, GAINSCO Auto Insurance charges approximately $153.60 per month while Farm Bureau Mutual (IA Group) comes in at around $111.07 per month. For GAINSCO Auto Insurance, the cheapest state average is South Carolina at $220.27 per month and the most expensive is South Carolina at $220.27 per month. For Farm Bureau Mutual (IA Group), the cheapest state average is Iowa at $74.12 per month and the most expensive is New Mexico at $131.40 per month.

GAINSCO Auto Insurance

Average Rate

$153.60
Farm Bureau Mutual (IA Group)

Average Rate

$111.07
National

Average Rate

$117.77
State GAINSCO Auto Insurance Farm Bureau Mutual (IA Group)
Arizona- $113.25
Iowa- $74.12
Kansas- $119.37
Minnesota- $101.34
Nebraska- $106.79
New Mexico- $131.40
South Carolina $220.27 -
South Dakota- $110.01
Utah- $128.82

GAINSCO Auto Insurance vs. Farm Bureau Mutual (IA Group): 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 Farm Bureau Mutual (IA Group) typically charge for drivers who have more than 1 vehicle.

Number of Vehicles GAINSCO Auto Insurance Farm Bureau Mutual (IA Group)
1 Vehicle $135.17 $100.23
2 Vehicles $ $145.21

GAINSCO Auto Insurance vs. Farm Bureau Mutual (IA Group): 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 $129.89 per month and Farm Bureau Mutual (IA Group) charges $109.22 per month for customers who own their home.

Own/Rent GAINSCO Auto Insurance Farm Bureau Mutual (IA Group)
Own $129.89 $109.22
Rent $159.66 $112.27

What is Gainsco and Farm Bureau Insurance Rating?

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.

ComparisonGainscoFarm Bureau
Year Founded19781939
A.M. Best RatingB+A
BBB RatingA+A+
Financial StrengthAbove AverageExcellent
NAIC Complaint Ratio2.340.92

Gainsco or Farm Bureau: Insurance Products Offered

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.

InsuranceGainscoFarm Bureau
Auto Insurance
Commercial Insurance
Condo Insurance
Farm Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Gainsco or Farm Bureau: Ways To Save

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.

GainscoFarm Bureau
Advance Purchase DiscountClaim Free Discount
Agency Internal Transfer DiscountContinued In-Force Credit
Auto-Pay DiscountDiscounts for Multiple Cars
Homeowner DiscountDriven to Safety Discount
Length of Ownership (Loyalty Discount)Driveology: The Science of Save Driving®
Multi-car DiscountFarm Bureau Member’s Choice
Pay-in-Full DiscountGood Student Discount
Prior Coverage DiscountLow Mileage Discount
Prior GAINSCO Coverage DiscountSafe Young Driver Discount
Renewal Discount

Pros & Cons of Gainsco & Farm Bureau

Pros

Gainsco
  • Flexible insurance policies
  • Easily customizable policies
  • Affordable rates and transparent pricing.
Farm Bureau
  • Farm Bureau has high customer satisfaction.
  • The company has a young driver program, which offers young drivers a 25%discount for completing its safe driving program.
  • Affordable rates and transparent pricing.

Cons

Gainsco
  • High customer-complaint ratio
  • The website doesn’t accept electronic payments.
Farm Bureau
  • Must have a Farm Bureau membership to get insurance.

Gainsco or Farm Bureau 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 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     2.68 user reviews
Android     2.98 user reviews
Farm Bureau Mobile App
iOS     3.815 user reviews
Android     3.199 user reviews

Gainsco & Farm Bureau 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/
Farm Bureau Contact Info
Address5400 University Avenue West Des Moines, IA 50266-5997
Phone1-866-399-3237
Websitehttps://www.fbfs.com/
Facebookhttps://www.facebook.com/FarmBureauFinancialServices
Twitterhttps://twitter.com/fbfs
Youtubehttps://www.youtube.com/user/FarmBureauFinclSvcs
Linkedinhttps://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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