GAINSCO Auto Insurance Review 2022 Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Advertiser Disclosure
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. GAINSCO Auto Insurance Review
Lizzie Nealon is an insurance contributor for Bankrate and enjoys making home, auto and life insurance digestible for readers so they can prepare for the future. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Oct 07, 2022 Bankrate logo The Bankrate promise
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money. Our content is backed by LLC, a licensed entity (NPN: 19966249). For more information, please see our Insurance Disclosure. Bankrate logo The Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first. Bankrate logo Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Bankrate logo Insurance Disclosure
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. At a glance
Not rated Bankrate Score Home 0.0 Auto 0.0 About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Recently purchased by State Farm, GAINSCO sells car insurance exclusively through independent agents and specializes in insurance for high-risk drivers. The company offers flexible policies, competitive prices, superior customer support and efficient claims handling. While it might be a good option for high-risk drivers, it may not meet the needs of a typical driver who is looking for more robust coverage. Pros and Cons Quick Look Pros May be a good option for high-risk drivers Offers a mobile app with policy management and payment tools Has a network of more than 7,000 independent agents Cons More than average complaints filed with the NAIC Car insurance only available in 17 states Limited state availability Specializes in non-standard and high-risk coverage Local agents available Answer a few questions to see personalized rates from top carriers   Based in Fort Worth, Texas, GAINSCO Insurance was founded in 1978 and conducts business operations today through MGA Insurance. Recently , GAINSCO sells car insurance exclusively through independent agents and specializes in insurance for high-risk drivers. Bankrate’s GAINSCO Insurance review finds that it offers flexible policies, competitive prices, superior customer support and efficient claims handling. While it might be a good option for high-risk drivers, it may not meet the needs of a typical driver who is looking for more robust coverage. GAINSCO specializes in non-standard and minimum-limits auto insurance to residents of the following states: Utah, Arizona, New Mexico, Texas, Oklahoma, Tennessee, Virginia, South Carolina, Georgia, Florida, Alabama, Ohio, Indiana, Arkansas, Illinois, Missouri and Wisconsin. The company may insure drivers with suspended or expired licenses on their records, which could provide an insurance option for . It offers online policy management tools, a mobile app, several types of payment plans and up to 10 discounts options. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Shop rates and compare quotes
Get personalized auto insurance quotes by answering a few quick questions Quick facts on average this year by shopping for new car insurance Rates vary by state The average American pays for auto insurance Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More  
GAINSCO car insurance
GAINSCO auto insurance specializes in non-standard, minimum-limits and high-risk auto insurance, and its policies are generally customizable. If you live in one of the 17 states where GAINSCO operates, you can apply for a policy. GAINSCO offers the following coverage types: , /underinsured motorist coverage, personal injury protection, comprehensive, collision, custom equipment, towing and labor and . GAINSCO offers , accepts out-of-state licenses and issues insurance to non-owners, which may be useful to drivers whose situations require these types of insurance options. If you're a high-risk or atypical driver looking for standard coverage with low policy limits, GAINSCO may be worth a quote. The company is unrated by Standard & Poor's (S&P), but it received a rating of A- (Excellent) from AM Best, which is indicative of its historical ability to pay out on claims. However, before purchasing, note that policyholders filed for the industry against GAINSCO, according to the National Association of Insurance Commissioners (NAIC). The company is also unrated by , likely due in part to its limited availability.. GAINSCO car insurance discounts
If you're looking for tips on , GAINSCO's site lists several , including: Pay in full discount GAINSCO offers several plans that spread out policy payments over several months. However, if policyholders choose to pay in full, they may be able to save money Homeowner discount If a GAINSCO policyholder owns a home, mobile home, condo or townhouse, they may qualify for a discount on their GAINSCO car insurance Auto-pay discount An action as simple as setting up automatic withdrawals could save you money on your auto insurance premium Other GAINSCO perks worth considering
Drivers in covered GAINSCO states may be interested in the company’s other available features. Local agents: GAINSCO operates through a network of more than 7,000 independent agents. Mobile app: GAINSCO’s mobile app is available through Google Play and the App Store. Digital tools: GAINSCO’s website offers digital quotes, a repository for frequently asked questions and an online portal for making payments or managing your policy. Assistance for Spanish speakers: Bilingual customer support is available in English or Spanish at 1-866-GAINSCO. GAINSCO corporate sustainability
is GAINSCO's program for giving back to the community, which the company shares is an "essential part of the GAINSCO culture." Most recently, GAINSCO sales leaders spent the 2022 holiday season volunteering and donating to their chosen charities. Among the organizations selected included Operation Blue Santa, which provides Austin families in need with gifts during the holiday, and Ironton Lions Club, which supports multiple community youth and senior citizen programs. Not sure if GAINSCO is right for you Consider these alternatives
If you are not a high-risk driver, or GAINSCO insurance doesn’t fit your specific needs, you may want to check out the following providers. Below is a short that may be a good an alternative to GAINSCO: : Bankrate named Travelers one of the on the market, thanks to its strong network of independent agents, savings opportunities and financial track record. Travelers offers auto, home and umbrella insurance, among others. If you’re looking for multiple product lines or broader coverage, you may want to consider this provider. : Geico won a thanks to its nationwide availability, excellent financial strength and dozens of discounts. It’s known for providing coverage to policyholders who have incidents on their record, and is highly rated by agencies such as J.D. Power and AM Best. : If you’re looking for a company that offers insurance to high-risk drivers and issues SR-22s, but GAINSCO doesn’t write policies in your state, Dairyland may be an option to consider. Dairyland is available in 37 states. Methodology
Bankrate Scores
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moody’s had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider. While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores. Compare rates and save on auto insurance today! Get quotes Close X On This Page
Compare rates Close X