Gainsco vs. Hastings Mutual Insurance

Which insurance provider is right for you? Compare price, products, and quotes from Gainsco and Hastings Mutual.

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Gainsco vs. Hastings Mutual: 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” Daytona Prototype. 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.

Hastings Mutual Company was founded in 1885 as Michigan Mutual Tornado, Cyclone and Windstorm Insurance Company to help protect local residents against the tornados that had destroyed small communities of Hastings and other parts of Michigan. The company continued to grow over the years and expanded its business.

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 Hastings Mutual Insurance Co Overview.

GAINSCO Auto Insurance vs. Hastings Mutual Insurance Co: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with GAINSCO Auto Insurance and Hastings Mutual Insurance Co. On average, GAINSCO Auto Insurance charges approximately $143.93 per month while Hastings Mutual Insurance Co comes in at around $162.06 per month. For GAINSCO Auto Insurance, the cheapest state average is Georgia at $124.56 per month and the most expensive is South Carolina at $229.67 per month. For Hastings Mutual Insurance Co, the cheapest state average is Iowa at $106.74 per month and the most expensive is Illinois at $213.20 per month.

GAINSCO Auto Insurance

Average Rate

$143.93
Hastings Mutual Insurance Co

Average Rate

$162.06
National

Average Rate

$120.83
State GAINSCO Auto Insurance Hastings Mutual Insurance Co
Georgia $124.56 -
Illinois- $213.20
Indiana- $127.97
Iowa- $106.74
Michigan- $187.12
Ohio- $107.40
South Carolina $229.67 -
Wisconsin- $133.66

GAINSCO Auto Insurance vs. Hastings Mutual Insurance Co: 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 Hastings Mutual Insurance Co typically charge for drivers who have more than 1 vehicle.

Number of Vehicles GAINSCO Auto Insurance Hastings Mutual Insurance Co
1 Vehicle $125.78 $155.64
2 Vehicles $ $187.65
3 Vehicles $ $251.22

GAINSCO Auto Insurance vs. Hastings Mutual Insurance Co: 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 Hastings Mutual Insurance Co charges $142.20 per month for customers who own their home.

Own/Rent GAINSCO Auto Insurance Hastings Mutual Insurance Co
Own $122.40 $142.20
Rent $149.31 $171.51

What is Gainsco and Hastings Mutual Insurance Rating?

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

ComparisonGainscoHastings Mutual
Year Founded19781885
Market Share0.2% (2018)
A.M. BestB+A
BBB RatingA+A+
Financial StrengthAbove AverageExcellent
JD Power RankingAbove Average
NAIC Complaint Ratio2.34

Gainsco or Hastings Mutual: Insurance Products Offered

What coverage is available through Gainsco and Hastings Mutual? Both insurance companies offer Auto insurance. Additional products from Hastings Mutual insurance also includes Commercial, Condo, Farm, Home, Renters, 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 Hastings Mutual Insurance Co Insurance page.

InsuranceGainscoHastings Mutual
Auto Insurance
Commercial Insurance
Condo Insurance
Farm Insurance
Home Insurance
Renters Insurance
RV Insurance

Gainsco or Hastings Mutual: Ways To Save

Hastings Mutual offers a wide range of discounts to its policyholders, including Claim Free, Defensive Driving, and Good Student discounts. Whereas, Gainsco also offers a few discounts that Hastings Mutual doesn’t, including Renewal, Prior GAINSCO Coverage, and Prior Coverage discounts. Start taking advantage of discounts offered by insurance providers like Hastings Mutual and Gainsco insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

GainscoHastings Mutual
Advance Purchase DiscountAway at School Discount
Agency Internal Transfer DiscountClaim Free Discount
Auto-Pay DiscountDefensive Driving Discount
Homeowner DiscountGood Student Discount
Length of Ownership (Loyalty Discount)Multi-car Discount
Multi-car DiscountMulti-policy Discount
Pay-in-Full DiscountPaid in Full Discount
Prior Coverage DiscountPaperless Bills Discount
Prior GAINSCO Coverage Discount
Renewal Discount

Pros & Cons of Gainsco & Hastings Mutual

Pros

Gainsco
  • Flexible insurance policies
  • Easily customizable policies
  • Affordable rates and transparent pricing.
Hastings Mutual
  • Hastings Mutual Company focuses on providing A+ customer service and promoting strong relationships with its customers.
  • Established history: the company has 130 years of service and has built a good reputation among its customers.
  • It has affordable rates.
  • Offers Multi-Policy discounts.

Cons

Gainsco
  • High customer-complaint ratio
  • The website doesn’t accept electronic payments.
Hastings Mutual
  • Limited service: coverage is available in only 6 midwestern states across the US.
  • It doesn’t offer an online application, you need to call an agent for a quote.

Gainsco or Hastings Mutual 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.

Gainsco Mobile App
iOS     2.68 user reviews
Android     2.98 user reviews
Hastings Mutual Mobile App
Hastings Mutual does not currently have a mobile app.

Gainsco & Hastings Mutual 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/
Hastings Mutual Contact Info
Address404 E. Woodlawn Ave. Hastings, MI 49058
Phone1-800-442-8277
Websitehttps://www.hastingsmutual.com/
Facebookhttps://www.facebook.com/HastingsMutual/
Linkedinhttps://www.linkedin.com/company/hastings-mutual-insurance-company/

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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