Gainsco: Overview

Based in Dallas Texas, Gainsco has been providing insurance coverage for over 40 years.

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About Gainsco

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.

Gainsco Facts & Ratings

Year Founded1978
Financial StrengthAbove Average
A.M. BestB+
BBB RatingA+
NAIC Complaint Ratio2.34

Gainsco Mobile App Rating

iOS
     2.68 user reviews
Android
     2.98 user reviews

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.

Pros & Cons of Gainsco

  • Flexible insurance policies
  • Easily customizable policies
  • Affordable rates and transparent pricing.
  • High customer-complaint ratio
  • The website doesn’t accept electronic payments.

Common Questions about Gainsco

Who owns Gainsco auto insurance?

Robert W. Stallings is Chairman & Chief Strategic Officer and Glenn W. Anderson is the President, Chief Executive Officer & Director of Gainsco Auto Insurance.

Is Gainsco car insurance a standard company?

No, Gainsco focuses on minimal nonstandard personal auto insurance. They sell full insurance auto products but their main business is minimum-limits non-standard car insurance.

What is the Gainsco car insurance cancellation policy?

To cancel a car insurance policy with Gainsco, contact your local insurance agent or call Gainsco directly: 1-866-GAINSCO.

Is Gainsco car insurance available for ridesharing?

No Gainsco does not offer rideshare insurance. Many other insurers offer rideshare insurance so compare quotes here.

Does Gainsco have a grace period?

A renewal policy will be issued after the inception of the new policy period if all premiums owed on the current policy have been paid and the first payment of the renewal policy has been received prior to the expiration of the current policy term. Renewal offers and non-renewals will be sent at least 30 days prior to the annual policy anniversary date. If the appropriate renewal payment is not paid and mailed (U.S. Postal Postmark) by the expiration date of the six-month policy term, coverage will expire on the final day (expiration date) of the current policy term (there is no grace period). If the appropriate annual renewal payment is not mailed/postmarked (U.S. Postal Postmark) by the actual annual anniversary date, coverage will expire effective that date (there is no grace period). There is a 10-day late fee if you miss a day or two in making a payment.

How many agents does Gainsco insurance have?

Gainsco has agents that live and work in many communities. To date, they have over 7,000 independent agents, many of whom will quote you through SmartFinancial.

Is Gainsco car insurance available in all states?

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.

What information do I need to file a claim with Gainsco insurance?

You should have a police report and the information about the other driver and witnesses, if there were any. Have your account information handy, possibly the policy jacket or declaration page.

Does Gainsco insurance have good customer service reviews?

Gainsco’s customer service reviews show a relatively high complaint ratio, perhaps because the majority of clients make up a higher-risk demographic that is more liable to have accidents.

What does Gainsco auto insurance specialize in?

Gainsco auto insurance specializes in non-standard minimum-limits auto insurance.

Does Gainsco cover rental reimbursement?

You can elect to buy rental reimbursement coverage, which would pay a set daily amount for a rental car if your car is being repaired because of damage covered by your auto policy.

What info do I need for Gainsco car insurance quotes online?

The following are pieces of information you should have on hand when filling out an insurance form for car insurance quotes online. You’ll need your zip code, the car you will be insuring, the primary use of the vehicle, approximately how many miles you drive annually, the name of the owner, license status (active, permit, etc), information on safety equipment (anti-theft device) for a discount, your marital status, your occupation, the highest level of education you’ve completed, violations on your record, the number of accidents or claims on your record, the number of drivers in your household. You will also be asked if you’re a homeowner if you’re currently insured and you’ll be asked which coverages you want on your policy.

Is Gainsco car insurance cheap?

Gainsco car insurance is more affordable than many other high-risk auto insurers.

Where is Gainsco insurance based out of?

Gainsco insurance is based in Dallas, Texas.

What does the Gainsco auto insurance cover?

Gainsco auto insurance covers minimum-limits non-standard personal auto insurance. They offer full coverage as well.

Gainsco Insurance Products

Nonstandard Personal Auto Insurance

Gainsco Auto Insurance Coverage

Bodily Injury Liability

This form of coverage is required in every state. It covers bodily injuries to a third party in an accident that was deemed your fault.

Property Damage Liability

This form of coverage is required in every state. It covers property damage and loss of use to a third party.

Comprehensive Coverage

This coverage pays for damages and loss other than that caused by a collision. It is subject to a deductible.

Collision Coverage

his coverage pays for damages and loss caused by impact with another automobile, object or person. It is subject to a deductible.

Medical Payments.

This type of protection will cover you if you’ve been injured in an accident, regardless of who’s at fault.

Personal Injury Protection (PIP)

This protection pays for medical expenses for injuries to the driver and any passengers in your vehicle, regardless of who is at fault. Lost wages, lost service and funeral expenses may be covered as well. This coverage is not available in all states.

SR-22

A document required by the court that demonstrates proof of financial responsibility for persons convicted of certain traffic violations.

Towing and rental coverage

Pays for towing charges when your car can’t be driven. It also pays toward the cost of a rental car while the insured vehicle is being repaired.

Uninsured Motorist Coverage (UM)

If a driver or owner of a vehicle does not have insurance and is legally liable for an accident, UM covers injuries, including death, that you, your resident relatives, and occupants of your insured vehicle sustain, up to the limits you select.

Underinsured Motorist Coverage (UIM)

If a driver or owner of a vehicle is legally liable for an accident but does not have enough insurance, UIM covers injuries, including death, that you, your resident relatives, and occupants of your insured vehicle sustain, up to the limits you select.

Uninsured/Underinsured Motorist Property Damage Coverage (UMPD)

If the driver or owner of a vehicle is legally liable for an accident but does not have insurance or does not have enough insurance, UMPD covers damage to your insured vehicle, up to the limits you select.

Custom or Additional Equipment

Coverage is available up to $2,500 per vehicle maximum.

Discounts

Auto-Pay DiscountPay-in-Full Discount
Prior Coverage DiscountPrior GAINSCO Coverage Discount
Agency Internal Transfer DiscountAdvance Purchase Discount
Length of Ownership (Loyalty Discount)Homeowner Discount
Renewal DiscountMulti-car Discount

GAINSCO Auto Insurance Auto Insurance Rates by State

Below is a list of the average rates that drivers typically pay with GAINSCO Auto Insurance . On average, GAINSCO Auto Insurance charges approximately $179.20 per month. The cheapest state average is New Mexico at $125.71 per month followed by Tennessee at $133.71 per month. The most expensive state average is Georgia at $222.28 per month.

State Avg monthly rate
AZ $172.91
FL $198.66
GA $222.28
NM $125.71
OK $136.83
SC $167.26
State Avg monthly rate
TN $133.71
TX $215.89
UT $136.85
VA $164.26

GAINSCO Auto Insurance Auto Insurance Rates by Vehicle

Drivers typically will get a discount if they insure multiple vehicles. Here is a list of average rates that GAINSCO Auto Insurance charges for drivers who have more than 1 vehicle.

Number of Vehicles Avg Monthly Rate
1 Vehicle $171.04
2 Vehicles $212.04
3 Vehicles $304.77
5 Vehicles $404.17
4 Vehicles $410.33

GAINSCO Auto Insurance Auto Insurance Rates by Homeownership

Customers who own their home rather than rent can sometimes get a small discount. We found that on average GAINSCO Auto Insurance charges $164.63 per month for drivers who own their home and $183.78 per month for those who rent.

Own/Rent Avg Monthly Rate
Own $164.63
Rent $183.78

Gainsco Contact Info

Address3333 Lee Parkway, Dallas, TX 75219
Phone1-866-424-6726
Websitehttps://www.gainsco.com/
Facebookhttps://www.facebook.com/GAINSCOInsurance/
Twitterhttps://twitter.com/GAINSCOAgency
Youtubehttps://www.youtube.com/channel/UCuoo1lEvzyJ7seCjj3NmerA
Linkedin 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.

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