GAINSCO Auto Insurance Review (2024)

There are a lot of options when it comes to car insurance. But if you’re a high-risk driver, you may find it challenging to find proper coverage. While certain companies won’t offer coverage to high-risk drivers, GAINSCO Insurance offers standard coverage options to people with bad driving records.

As you search for the best car insurance companies in your area, GAINSCO could be an excellent option. The company files SR-22 forms and offers online quotes to potential customers.

Unfortunately, GAINSCO is only available in 17 states and does have a significant number of customer complaints.

What You Should Know About GAINSCO Auto Insurance

GAINSCO has an A- (Excellent) financial strength rating with A.M. Best. However, according to the National Association of Insurance Commissioners (NAIC), GAINSCO policyholders have filed many complaints against the company.

Based on the GAINSCO insurance reviews, GAINSCO policyholders are unhappy with the company’s customer service, the speed with which the company issues insurance payments, and the overall process for filing claims.

If you’re considering purchasing a policy with GAINSCO, you may want to read a few GAINSCO car insurance reviews ahead of time to hear customer opinions.

GAINSCO Auto Insurance Coverage Options

GAINSCO offers coverage that meets each state’s minimum requirements. These coverage options include:

• Bodily injury liability
• Property damage liability
• Personal injury protection
• Medical payments

GAINSCO also offers the following add-on coverage options:

• SR-22 form. If your state requires you to show proof of financial responsibility, you may have to file an SR-22 form. Not all insurance companies will do this, but GAINSCO offers this coverage via State Farm’s SR-22 insurance.
• Non-owner insurance. If you regularly drive someone else’s car, non-owner coverage offers liability protection so you don’t have to pay for repairs out of pocket.

While State Farm does offer SR-22 coverage, the company may decline to file a form on your behalf. This is why many people decide to pursue coverage with GAINSCO instead of one of the larger companies.

GAINSCO essentially uses a State Farm SR-22 form, as State Farm is GAINSCO’s parent company. Still, GAINSCO is more likely to offer coverage to individuals with a DUI or another significant violation on their driving record.

Unlike many other auto insurance companies, GAINSCO does not offer many coverage options. Therefore, if you are not a high-risk driver and you don’t need an SR-22 filing, you may want to look elsewhere for coverage.

GAINSCO Auto Insurance Rates Breakdown

Rates for GAINSCO car insurance vary based on several factors such as age and gender. State Farm, GAINSCO’s parent company, offers some of the cheapest rates for minimum coverage compared to other big names in auto insurance.

The table below shows how GAINSCO (State Farm) stacks up to the competition.

Liability Auto Insurance Average Rates From Top Providers

And State Farm’s full coverage rates are also one of the cheapest among many of the well-known options in the U.S.

See below how State Farm compares to other top auto insurance companies.

Full Coverage Auto Insurance Rates From Top Providers

Still, GAINSCO rates will likely be more expensive than those with State Farm or many other companies because of the risk associated with non-standard coverage.

How does your driving history affect your GAINSCO rates?

Your driving history plays a vital role in determining your rates with any insurance company. GAINSCO’s offers competitive rates for high-risk drivers with a not-so-stellar driving record.

You can get an idea of how much you might pay after a speeding ticket by comparing the top insurance companies’ rates below.

Full Coverage Auto Insurance Monthly Rates: One Ticket vs. Clean Record

Rates for drivers involved in an accident will also be higher than those with a clean record. See rates from the top insurance companies below to learn what you can expect.

Full Coverage Auto Insurance Monthly Rates: One Accident vs. Clean Record

If you have a DUI on your record, you’ll definitely pay more for insurance and many insurers will refuse to cover you at all. But we’ve put together a list of the top insurance companies that do offer DUI insurance.

Full Coverage Auto Insurance Monthly Rates by Driving Record

You can go to the company’s website and get a quote to learn how much you would pay for GAINSCO auto insurance coverage. However, before you make any final decisions, compare your GAINSCO insurance quote to quotes from other companies in your area.

GAINSCO Auto Insurance Discounts Available

GAINSCO offers several options for people to save money with auto insurance discounts, including:

• Auto-pay
• Paid-in-full
• Homeowners
• Multi-car
• Loyalty
• Early signing

Discounts can help people save as much as 25% on car insurance. You can ask a GAINSCO representative how much you could save using the company’s discount options.