Which insurance carrier is right for you? Compare price, coverage, and quotes from Hanover and Gainsco.
From 2003-2007, the Wall Street Journal ranked The Hanover Insurance Companies #1 in the property and casualty industry for increasing shareholder value over a 5-year-period. In 2009, The Hanover acquired commercial business from OneBeacon Insurance Group, which enabled rapid Western U.S. expansion. In the same year, A.M. Best upgraded its company rating to “A” (excellent). From 2010 to 2011, it continued to acquire more businesses both in the U.S. and abroad, which included Lloyd’s of London Chaucer Holdings. In 2013, The Hanover exceeded $5 billion worth of written premiums and wrote business in 179 countries. In 2015, Standard & Poor’s upgraded the company’s financial rating to “A” and The Hanover was recognized by Forbes as one of America’s best employers and one of America’s most trustworthy financial companies.
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.
Below is a list of the average rates that drivers typically pay with Hanover and GAINSCO Auto Insurance. On average, Hanover charges approximately $462.76 per month while GAINSCO Auto Insurance comes in at around $143.93 per month. For Hanover, the cheapest state average is Massachusetts at $198.92 per month and the most expensive is New Jersey at $647.13 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.
|State||Hanover||GAINSCO Auto Insurance|
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Hanover and GAINSCO Auto Insurance typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Hanover||GAINSCO Auto Insurance|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Hanover charges $474.87 per month and GAINSCO Auto Insurance charges $122.40 per month for customers who own their home.
|Own/Rent||Hanover||GAINSCO Auto Insurance|
Which car insurance company is better? We've made it easy to compare companies side by side. See how Hanover and Gainsco ranked among the industry ratings.
|A.M. Best Rating||A||B+|
|Financial Strength||Excellent||Above Average|
|JD Power Ranking||Above Average|
|NAIC Complaint Index||1.28|
|NAIC Complaint Ratio||2.34|
What coverage is available through Hanover and Gainsco? Both insurance companies offer Auto insurance. Additional products from Hanover insurance also includes Commercial, Home, 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 Hanover and GAINSCO Auto Insurance Insurance page.
Gainsco offers a wide range of discounts to its policyholders, including Agency Internal Transfer, Auto-Pay, and Homeowner discounts. Whereas, Hanover also offers a few discounts that Gainsco doesn’t, including Student Away at School, One Bill, and No-Fee Electric Funds Transfers discounts. Start taking advantage of discounts offered by insurance providers like Gainsco and Hanover insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Accident Prevention Course Discount||Advance Purchase Discount|
|Affinity Groups||Agency Internal Transfer Discount|
|Anti-theft Device Discount||Auto-Pay Discount|
|Good Student Discount||Homeowner Discount|
|Hanover Platinum Experience||Length of Ownership (Loyalty Discount)|
|Multi-Car Discount||Multi-car Discount|
|No-Fee Electric Funds Transfers||Pay-in-Full Discount|
|One Bill||Prior Coverage Discount|
|Pay-in-Full Discount||Prior GAINSCO Coverage Discount|
|Student Away at School Discount||Renewal Discount|
The Hanover Mobile app is available for iOS and Android. With this app, you’ll be able to see vital policy information and billing information. You can also file a home or auto claim without making a phone call.
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.
|Hanover Mobile App|
|iOS||3.5||17 user reviews|
|Android||2.6||21 user reviews|
|Gainsco Mobile App|
|iOS||2.6||8 user reviews|
|Android||2.9||8 user reviews|
|Hanover Contact Info|
|Address||440 Lincoln Street, Worcester, MA 01653|
|Gainsco Contact Info|
|Address||3333 Lee Parkway, Dallas, TX 75219|
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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