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Liberty Mutual vs. Gainsco Insurance
Which insurance carrier is right for you? Compare coverage, savings, and quotes from Liberty Mutual and Gainsco.
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- Liberty Mutual vs GAINSCO Auto Insurance
Liberty Mutual vs. Gainsco: What You Need to Know
Liberty Mutual Group is a global insurer and the fourth largest propertyand casualty insurer in the U.S, ranking 68th on Fortune 100 list of thelargest corporations in the U.S. The company has assets of more than $100billion. Today the group employs over 50,000 people in over 900 locationsaround the globe, including 45 U.S. states. Liberty Mutual formed on July1, 1912, as Massachusetts Employees Insurance Association (MEIA) andemerged after state law began to require that employers carry protectionfor their employees. MEIA provided workers’ compensation insurance tocompanies, and the first auto policy was sold in 1918. In 1920, the companyused a then-new medium of film to teach people about workplace safety. Thefirst Liberty Mutual home office opened its doors in Boston in 1937. In1946, they created an emergency stop switch for escalators. In 1957 LibertyMutual and Cornell University partnered to create a “safety car” by crashtesting with dummies, something that had never been done before. In 1964,Liberty Mutual began selling life insurance though the Liberty LifeAssurance Branch. The first battery-powered prosthetic elbow was created bythe company in 1967. As Liberty Mutual grew, it expanded beyond NorthAmerica by opening its first operation in the UK. In the 1990s, theycontinued to grow through the acquisition of large commercial and riskcarriers. In 2008, Safeco became a part of Liberty Mutual. In 2016reaffirmed its commitment to innovation by creating Solar Labs.
Established in 1978 as a Texas corporation, Gainsco is a property andcasualty insurance holding company, concentrating their efforts on thenon-standard personal automobile market, specializing in minimum-limitspersonal auto insurance. They do offer full and standard coverage as wellbut specialize in minimum liability coverage. The company is based inDallas, with a regional office in Miami and its operations are conductedthrough MGA Insurance Company Inc., a Texas corporation. Gainsco sponsors aracing team, the GAINSCO/Bob Stallings Racing team, which won the Grand-AMRolex Sports Car Series twice with the No. 99 GAINSCO “Red Dragon” DaytonaPrototype. Gainsco sells insurance through independent partner agents inthe District of Columbia and 44 states that include Arizona, Florida,Georgia, New Mexico, Oklahoma, South Carolina, Texas, and Virginia. Allcustomer service needs can be met in English or Spanish.
Below is a list of average rates, rankings, products and discounts for the two companies. For full company overviews, you can visit Liberty Mutual Overview and GAINSCO Auto Insurance Overview.
Liberty Mutual vs. GAINSCO Auto Insurance: How much are the Average Rates?
Below is a list of the average rates that drivers typically pay with Liberty Mutual and GAINSCO Auto Insurance. On average, Liberty Mutual charges approximately $307.40 per month while GAINSCO Auto Insurance comes in at around $ per month. For Liberty Mutual, the cheapest state average is Connecticut at $153.61 per month and the most expensive is Indiana at $409.76 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.
Average Rate
Average Rate
Average Rate
| State | Liberty Mutual | GAINSCO Auto Insurance |
|---|---|---|
| Connecticut | $153.61 | - |
| Indiana | $409.76 | - |
| Iowa | $296.98 | - |
| Kentucky | $346.26 | - |
| Michigan | $316.51 | - |
| Nevada | $345.54 | - |
| North Carolina | $352.82 | - |
| Oklahoma | $388.23 | - |
Liberty Mutual vs. GAINSCO Auto Insurance: Rates by Number of Vehicle
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Liberty Mutual and GAINSCO Auto Insurance typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | Liberty Mutual | GAINSCO Auto Insurance |
|---|---|---|
| 1 Vehicle | $294.41 | $ |
| 2 Vehicles | $345.01 | $ |
Liberty Mutual vs. GAINSCO Auto Insurance: Rates by Homeownership
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Liberty Mutual charges $207.18 per month and GAINSCO Auto Insurance charges $ per month for customers who own their home.
| Own/Rent | Liberty Mutual | GAINSCO Auto Insurance |
|---|---|---|
| Own | $207.18 | $ |
| Rent | $342.71 | $ |
What is Liberty Mutual and Gainsco Insurance Rating?
Which car insurance company is better? We've made it easy to compare companies side by side. See how Liberty Mutual and Gainsco ranked among the industry ratings.
| Comparison | Liberty Mutual | Gainsco |
|---|---|---|
| Year Founded | 1912 | 1978 |
| A.M. Best | B+ | |
| A.M. Best Rating | a | |
| BBB Rating | A- | A+ |
| Financial Strength | Excellent | Above Average |
| JD Power Ranking | About Average | |
| Market Share Percentage | 0.5% | |
| Moody’s Rating | A2 | |
| NAIC Complaint Ratio | 4.55 | 2.34 |
| S&P Rating | A |
Liberty Mutual or Gainsco: Insurance Products Offered
What coverage is available through Liberty Mutual and Gainsco? Both insurance companies offer Auto Insurance. Additional products from Liberty Mutual insurance also includes Commercial, Condo, Health, Home, Pet, 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 Liberty Mutual and GAINSCO Auto Insurance Insurance page.
| Insurance | Liberty Mutual | Gainsco |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Commercial Insurance | ✔ | |
| Condo Insurance | ✔ | |
| Health Insurance | ✔ | |
| Home Insurance | ✔ | |
| Pet Insurance | ✔ | |
| Renters Insurance | ✔ | |
| RV Insurance | ✔ | |
| Umbrella Insurance | ✔ |
Liberty Mutual or Gainsco: Ways To Save
Gainsco offers a wide range of discounts to its policyholders, including Agency Internal Transfer, Auto-Pay, and Homeowner discounts. Liberty Mutual also offers a few discounts that Gainsco doesn’t including Violation Free, Student-Away-at-School, and Righttrack telematics device discount discounts. Start taking advantage of discounts offered by insurance providers like Gainsco and Liberty Mutual insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
| Liberty Mutual | Gainsco |
|---|---|
| Accident Free Discount | Advance Purchase Discount |
| Advanced Safety Features Discount | Agency Internal Transfer Discount |
| Alternative Energy Discount | Auto-Pay Discount |
| Anti-Theft Device Discount | Homeowner Discount |
| Bundle Discounts | Length of Ownership (Loyalty Discount) |
| Early Shopper Discount | Multi-car Discount |
| Good Student Discount | Pay-in-Full Discount |
| Homeowner Discount | Prior Coverage Discount |
| Military Discount | Prior GAINSCO Coverage Discount |
| Multi-Car Discount | Renewal Discount |
| Multi-Policy Discount | |
| Online Purchase Discounts | |
| Paperless Policy Discount | |
| Pay-in-Full Discount | |
| Preferred Payment Discount | |
| Righttrack telematics device discount | |
| Student-Away-at-School Discount | |
| Violation Free Discount |
Pros & Cons of Liberty Mutual & Gainsco
Pros
Liberty Mutual
- Telematics devices that track driving behaviors can save safe drivers up to30%.
- Liberty Mutual Deductible Fund, which reduces and eliminates yourdeductible.
- Accident forgiveness for your first accident.
- Lifetime auto repair guarantee at one of 2,000 guaranteed repair networkfacilities.
- Original parts replacement ensures that you will only be sold parts made bythe manufacturer, not a third party.
Gainsco
- Flexible insurance policies
- Easily customizable policies
- Affordable rates and transparent pricing.
Cons
Liberty Mutual
Gainsco
- High customer-complaint ratio
- The website doesn’t accept electronic payments.
Liberty Mutual or Gainsco Mobile Apps Options
The Liberty Mutual app is available for iOS and Android. This insuranceconcierge is where you can report accidents or update personal information24/7.
The Gainsco mobile app is available for iOS and Android. This mobile appoffers some benefits and services including requesting a quote, making apayment, reporting a claim, requesting an agent, contacting the insurer,and getting the latest Gainsco news.
| Liberty Mutual Mobile App | ||
|---|---|---|
| iTunes | 4.8 | 26.6K user reviews |
| Google Play | 4.2 | 3.8K user reviews |
| Gainsco Mobile App | ||
|---|---|---|
| iOS | 2.6 | 8 user reviews |
| Android | 2.9 | 8 user reviews |
Liberty Mutual & Gainsco Contact Info
| Liberty Mutual Contact Info | |
|---|---|
| Address | 175 Berkeley Street, Boston, Massachusetts |
| Phone | 1 (888) 398-8924 |
| Website | https://www.libertymutual.com |
| https://www.facebook.com/libertymutual | |
| https://www.twitter.com/libertymutual | |
| Youtube | https://www.youtube.com/libertymutual |
| https://www.linkedin.com/company/liberty-mutual-insurance | |
| 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/ | |
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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