Travelers vs. Gainsco Insurance

Which insurance provider is right for you? Compare discounts, products, and quotes from Travelers and Gainsco.

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Travelers vs. Gainsco: What You Need to Know

For more than 160 years Travelers Insurance has been protecting homes, cars, valuables, and businesses. Today they have the reputation of being one of the best property and casualty companies in the industry and are the only one in the Dow Jones Industrial Average. The company has 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom, Ireland, and Brazil. In 1864, a stonecutter, James G. Batterson, and several other townsman in Hartford Connecticut began organizing a company to introduce accident insurance to the U.S. James E. Bolter, a local banker, asked Batterson how much he’d charge to insure his four-block home. Batterson said it would cost “two cents.” Today, the two-cent “premium” is Traveler’s treasured souvenir. The following year, Travelers began selling life insurance and in 1897 they issued their first automobile insurance policy. In 1889, they offered liability insurance to employers (workers compensation). By 1901 Travelers Insurance offered health and liability insurance. In 1903, they opened an insurance school and the following year organized a corps of safety engineers. In 1919, Travelers offered aircraft liability insurance with a full aviation program. During World War II, Travelers underwrote the Manhattan Project, the building of the first atomic bomb. In 1956, they established a weather research center and two years later offered life insurance to women at lower rates than men.

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 Travelers Overview and GAINSCO Auto Insurance Overview.

Travelers vs. GAINSCO Auto Insurance: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Travelers and GAINSCO Auto Insurance. On average, Travelers charges approximately $153.96 per month while GAINSCO Auto Insurance comes in at around $ per month. For Travelers, the cheapest state average is Illinois at $94.50 per month and the most expensive is Washington at $177.76 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

GAINSCO Auto Insurance

Average Rate


Average Rate

State Travelers GAINSCO Auto Insurance
Illinois $94.50 -
Michigan $154.18 -
New York $175.40 -
Washington $177.76 -

Travelers 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 Travelers and GAINSCO Auto Insurance typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Travelers GAINSCO Auto Insurance
1 Vehicle $146.04 $
2 Vehicles $277.24 $

Travelers 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 Travelers charges $189.96 per month and GAINSCO Auto Insurance charges $ per month for customers who own their home.

Own/Rent Travelers GAINSCO Auto Insurance
Own $189.96 $
Rent $145.74 $

What is Travelers and Gainsco Insurance Rating?

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

Year Founded18641978
Market Share1.8
A.M. Best RatingB+
BBB RatingA+A+
Financial StrengthExcellentAbove Average
JD Power RankingAbout Average
Moody’s RatingAa2
NAIC Complaint Ratio2.34
S&P RatingAA

Travelers or Gainsco: Insurance Products Offered

What coverage is available through Travelers and Gainsco? Both insurance companies offer Auto insurance. Additional products from Travelers insurance also include Commercial, Condo, Health, Home, 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 Travelers and GAINSCO Auto Insurance Insurance page.

Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Travelers or Gainsco: Ways To Save

Gainsco offers a wide range of discounts to its policyholders, including Agency Internal Transfer, Auto-Pay, and Homeowner discounts. However, Travelers also offers a few discounts that Gainsco doesn’t, including Student Away at School, Safe Driver, and New Car discounts. Start taking advantage of discounts offered by insurance providers like Gainsco and Travelers insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Affinity Program DiscountsAdvance Purchase Discount
Continuous Insurance DiscountAgency Internal Transfer Discount
Driver Training DiscountAuto-Pay Discount
Early Quote DiscountHomeowner Discount
EFT, Paid in Full and Good Payer DiscountLength of Ownership (Loyalty Discount)
Good Student DiscountMulti-car Discount
Home Ownership DiscountPay-in-Full Discount
Hybrid/Electric Vehicle DiscountPrior Coverage Discount
IntelliDrive Program Safe Driving DiscountPrior GAINSCO Coverage Discount
Multi-policy DiscountRenewal Discount
MultiCar Discount
New Car Discount
Safe Driver Discount
Student Away at School Discount

Pros & Cons of Travelers & Gainsco


  • Unlike other carriers who only offer it for the first two or three years, Travelers’ new car replacement covers the first five years.
  • Travelers offers accident forgiveness.
  • Offers ridesharing insurance.
  • Discounts on hybrids and electric vehicles.
  • Flexible insurance policies
  • Easily customizable policies
  • Affordable rates and transparent pricing.


  • Prices tend to be high.
  • High customer-complaint ratio
  • The website doesn’t accept electronic payments.

Travelers or Gainsco Mobile Apps Options

The Travelers Mobile app is available for iOS and Android. This award-winning mobile app can help manage insurance and banking accounts, request roadside service, file and track claims and pay bills.

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.

Travelers Mobile App
iOS     2.715K user reviews
Android     3.316K user reviews
Gainsco Mobile App
iOS     2.68 user reviews
Android     2.98 user reviews

Travelers & Gainsco Contact Info

Travelers Contact Info
Address485 Lexington Ave New York, NY 10017
Gainsco Contact Info
Address3333 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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