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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 Auto Insurance vs Hastings Mutual Insurance Co
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 $ per month while Hastings Mutual Insurance Co comes in at around $156.69 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 Hastings Mutual Insurance Co, the cheapest state average is Illinois at $126.05 per month and the most expensive is Michigan at $158.84 per month.
Average Rate
Average Rate
Average Rate
| State | GAINSCO Auto Insurance | Hastings Mutual Insurance Co |
|---|---|---|
| Illinois | - | $126.05 |
| Michigan | - | $158.84 |
GAINSCO Auto Insurance vs. Hastings Mutual Insurance Co: 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 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 | $ | $153.24 |
| 2 Vehicles | $ | $209.49 |
GAINSCO Auto Insurance vs. Hastings Mutual Insurance Co: Rates by Homeownership
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.
| Comparison | Gainsco | Hastings Mutual |
|---|---|---|
| Year Founded | 1978 | 1885 |
| Market Share | 0.2% (2018) | |
| A.M. Best | B+ | A |
| BBB Rating | A+ | A+ |
| Financial Strength | Above Average | Excellent |
| JD Power Ranking | Above Average | |
| NAIC Complaint Ratio | 2.34 |
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.
| Insurance | Gainsco | Hastings 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.
| Gainsco | Hastings Mutual |
|---|---|
| Advance Purchase Discount | Away at School Discount |
| Agency Internal Transfer Discount | Claim Free Discount |
| Auto-Pay Discount | Defensive Driving Discount |
| Homeowner Discount | Good Student Discount |
| Length of Ownership (Loyalty Discount) | Multi-car Discount |
| Multi-car Discount | Multi-policy Discount |
| Pay-in-Full Discount | Paid in Full Discount |
| Prior Coverage Discount | Paperless 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 | 2.6 | 8 user reviews |
| Android | 2.9 | 8 user reviews |
| Hastings Mutual Mobile App | ||
|---|---|---|
| Hastings Mutual does not currently have a mobile app. | ||
Gainsco & Hastings Mutual 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/ | |
| Hastings Mutual Contact Info | |
|---|---|
| Address | 404 E. Woodlawn Ave. Hastings, MI 49058 |
| Phone | 1-800-442-8277 |
| Website | https://www.hastingsmutual.com/ |
| https://www.facebook.com/HastingsMutual/ | |
| https://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.
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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