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State Auto vs. Gainsco Insurance
Which insurance provider is right for you? Compare rates, pros & cons, and quotes from State Auto and Gainsco.
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- State Auto vs GAINSCO Auto Insurance
State Auto vs. Gainsco: What You Need to Know
In 1921, Robert S. Pein started State Automobile Insurance Company with a borrowed sum of $30,000. Pein wanted to offer an alternative to the high rates other insurers were charging. He also wanted to a better claims settlement process. The company had humble beginnings with a staff of three in a small rented room in downtown Columbus. Pein insisted and his insurance products only be sold through independent agents, a decision that became company policy that is still in effect.
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 average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit State Auto Overview and GAINSCO Auto Insurance Overview.
State Auto vs. GAINSCO Auto Insurance: How much are the Average Rates?
Below is a list of the average rates that drivers typically pay with State Auto and GAINSCO Auto Insurance. On average, State Auto charges approximately $236.61 per month while GAINSCO Auto Insurance comes in at around $ per month. For State Auto, the cheapest state average is Pennsylvania at $236.17 per month and the most expensive is Texas at $256.79 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 | State Auto | GAINSCO Auto Insurance |
|---|---|---|
| Pennsylvania | $236.17 | - |
| Texas | $256.79 | - |
State Auto 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 State Auto and GAINSCO Auto Insurance typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | State Auto | GAINSCO Auto Insurance |
|---|---|---|
| 1 Vehicle | $210.26 | $ |
| 2 Vehicles | $275.13 | $ |
State Auto 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 State Auto charges $268.54 per month and GAINSCO Auto Insurance charges $ per month for customers who own their home.
| Own/Rent | State Auto | GAINSCO Auto Insurance |
|---|---|---|
| Own | $268.54 | $ |
| Rent | $204.69 | $ |
What is State Auto and Gainsco Insurance Rating?
Which car insurance company is better? We've made it easy to compare companies side by side. See how State Auto and Gainsco ranked among the industry ratings.
| Comparison | State Auto | Gainsco |
|---|---|---|
| Year Founded | 1921 | 1978 |
| A.M. Best Rating | A+ | B+ |
| BBB Rating | A+ | A+ |
| Financial Strength | Excellent | Above Average |
| NAIC Complaint Ratio | 2.34 |
State Auto or Gainsco: Insurance Products Offered
What coverage is available through State Auto and Gainsco? Both insurance companies offer Auto insurance. Additional products from State Auto insurance also includes Commercial, Condo, Farm, Home, 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 State Auto and GAINSCO Auto Insurance Insurance page.
| Insurance | State Auto | Gainsco |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Commercial Insurance | ✔ | |
| Condo Insurance | ✔ | |
| Farm Insurance | ✔ | |
| Home Insurance | ✔ | |
| Umbrella Insurance | ✔ |
State Auto or Gainsco: Ways To Save
State Auto offers a wide range of discounts to its policyholders, including Anti-theft Device, Driver Training, and Good Student discounts. In contrast, Gainsco also offers a few discounts that State Auto doesn’t, including Renewal, Prior GAINSCO Coverage, and Prior Coverage discounts. Start taking advantage of discounts offered by insurance providers like Gainsco and State Auto insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
| State Auto | Gainsco |
|---|---|
| Accident Prevention Course | Advance Purchase Discount |
| Anti-theft Device Discount | Agency Internal Transfer Discount |
| Driver Training | Auto-Pay Discount |
| Good Student Discount | Homeowner Discount |
| Multi-car Discount | Length of Ownership (Loyalty Discount) |
| Multi-policy Discount | Multi-car Discount |
| Paid in Full Discount | Pay-in-Full Discount |
| State Auto Safety 360 | Prior Coverage Discount |
| State Auto Start-Up | Prior GAINSCO Coverage Discount |
| Renewal Discount |
Pros & Cons of State Auto & Gainsco
Pros
State Auto
- State Auto offers tiers of protection, which simplifies decision-making about coverages based on budget.
Gainsco
- Flexible insurance policies
- Easily customizable policies
- Affordable rates and transparent pricing.
Cons
State Auto
- The mobile app is not for most drivers, only those who take part in the Safe Auto telematics program.
- Car insurance is only available in Alabama, Arizona, Arkansas, Colorado, Connecticut, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, North Carolina, North Dakota, Ohio, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia and Wisconsin.
Gainsco
- High customer-complaint ratio
- The website doesn’t accept electronic payments.
State Auto or Gainsco Mobile Apps Options
The State Auto telematics app is available for iOS and Android. The State Auto Safety 360 telematics program was designed to keep you safer on the road. You may even earn up to 50% on auto insurance premiums. You may even save 10% for signing up.
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.
| State Auto Mobile App | ||
|---|---|---|
| iOS | 1.8 | 17 user reviews |
| Android | 2.3 | 25 user reviews |
| Gainsco Mobile App | ||
|---|---|---|
| iOS | 2.6 | 8 user reviews |
| Android | 2.9 | 8 user reviews |
State Auto & Gainsco Contact Info
| State Auto Contact Info | |
|---|---|
| Address | 518 East Broad Street, Columbus, OH 43215 |
| Phone | 1 (833) 724-3577 |
| Website | https://www.stateauto.com/ |
| https://www.facebook.com/stateauto/ | |
| https://twitter.com/StateAuto | |
| https://www.linkedin.com/company/state-auto-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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