Which insurance provider is right for you? Compare discounts, products, and quotes from Travelers and Gainsco.
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 the average rates that drivers typically pay with Travelers and GAINSCO Auto Insurance. On average, Travelers charges approximately $182.78 per month while GAINSCO Auto Insurance comes in at around $144.44 per month. For Travelers, the cheapest state average is Maine at $89.53 per month and the most expensive is Michigan at $266.08 per month. For GAINSCO Auto Insurance, the cheapest state average is South Carolina at $229.67 per month and the most expensive is South Carolina at $229.67 per month.
|State||Travelers||GAINSCO Auto Insurance|
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|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Travelers charges $164.05 per month and GAINSCO Auto Insurance charges $122.40 per month for customers who own their home.
|Own/Rent||Travelers||GAINSCO Auto Insurance|
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.
|A.M. Best Rating||B+|
|Financial Strength||Excellent||Above Average|
|JD Power Ranking||About Average|
|NAIC Complaint Ratio||2.34|
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.
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 Discounts||Advance Purchase Discount|
|Continuous Insurance Discount||Agency Internal Transfer Discount|
|Driver Training Discount||Auto-Pay Discount|
|Early Quote Discount||Homeowner Discount|
|EFT, Paid in Full and Good Payer Discount||Length of Ownership (Loyalty Discount)|
|Good Student Discount||Multi-car Discount|
|Home Ownership Discount||Pay-in-Full Discount|
|Hybrid/Electric Vehicle Discount||Prior Coverage Discount|
|IntelliDrive Program Safe Driving Discount||Prior GAINSCO Coverage Discount|
|Multi-policy Discount||Renewal Discount|
|New Car Discount|
|Safe Driver Discount|
|Student Away at School Discount|
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||2.7||15K user reviews|
|Android||3.3||16K user reviews|
|Gainsco Mobile App|
|iOS||2.6||8 user reviews|
|Android||2.9||8 user reviews|
|Travelers Contact Info|
|Address||485 Lexington Ave New York, NY 10017|
|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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