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Introduction
Are you a high-risk driver? Are you looking for non-standard car insurance? Then GAINSCO Auto Insurance company could be an apt choice. You could be a young driver, one with credit issues, or if you are looking for minimal coverage, Gainsco offers affordable and competitive prices for the policies that cater to your needs.
GAINSCO Auto Insurance is a property and casualty insurance company that specializes in low-limit personal auto insurance. It is growing rapidly, now selling products in multiple states through independent agents and online.
How much does GAINSCO car insurance cost? How does it benefit the high-risk drivers? Read about GAINSCO car insurance, and the coverage and discounts they offer for non-standard car insurance.
Pros and Cons
| Pros | Cons |
|---|---|
| Suited for high-risk drivers | Insufficient details on coverage on website |
| Offers flexible insurance policies | Doesn’t work well for higher liability coverage limits |
| Competitive pricing for minimum coverage policies | Limited add-on coverage |
| Provides SR-22 on request | Higher complaint index |
Unique GAINSCO Auto Insurance Features
These are some of the unique features offered by the company.
| Unique Features | What does it do? |
|---|---|
| GAINSCO Mobile App | It helps you get your quote and also pay your bill directly on the app. It lets you update your payment method and view the payment history. |
| Resourceful to atypical drivers looking for standard coverage with low policy limits | Provides affordable insurance to high-risk drivers, those who require SR-22, insurance to non-owners, accepts out-of-state licenses as well. |
| Bilingual Assistance | It offers assistance to Spanish speakers. |
| Online Claims | The process of filing, tracking, and managing the claims is done digitally. |
GAINSCO Car Insurance Coverages
GAINSCO focuses on atypical coverages favoring the atypical drivers they aim to provide insurance for. It offers a limited number of optional coverages and focuses on supplying standard coverages such as minimum car insurance coverage by states and collision coverage. The company does not give the most typical coverages supplied by other insurers, other than roadside assistance and rental reimbursement.
These are the coverage options available through GAINSCO car insurance.
- Collision Coverage: GAINSCO covers the expenses of repair from accidents regardless of who is at fault.
- Comprehensive Coverage: Insurance covers the expense of repair or replacement for damage caused by fire, weather, vandalism, or even theft.
- Uninsured or Underinsured Motorist coverage: This covers the medical and property damage costs for a driver with less or no insurance at all.
- Personal Injury Protection: This helps you cover the expenses incurred due to injuries, deaths, or property damage.
- Rental Reimbursement: It offers rental reimbursement in the range of $25 and $45 per day.
- Towing: The roadside assistance which is limited to towing comes in the range of $55 and $100 per incidence.
GAINSCO Extra Car Coverages
- SR 22 Form: If you are a driver falling under the high-risk category, it might be required by the states that you fill the SR-22 form. Unlike other insurers, GAINSCO can file the form on the customer’s behalf.
- Non-Owner Insurance: This type of insurance policy is required for drivers who don’t own a car, or for those who require an SR-22 form in order to have their driver's license reinstated.
How much does GAINSCO Insurance cost?
The cost of GAINSCO insurance is applicable to the 15 states it is available in. The average monthly cost for full coverage with GAINSCO is $142. The average annual car insurance premium for minimum coverage is $1349.
GAINSCO Average Annual Premium by State
| State | Average Annual Premium |
|---|---|
| Alabama | $1664 |
| Arkansans | $1624 |
| Arizona | $1514 |
| California | $2668 |
| Florida | $2412 |
| Georgia | $2239 |
| Illinois | $1530 |
| Indiana | $1653 |
| Kentucky | $1783 |
| Los Angeles | $3954 |
| New Mexico | $3283 |
| Newyork | $3283 |
| Ohio | $1427 |
| Oklahoma | $1403 |
| South Carolina | $2473 |
| Tennessee | $1609 |
| Texas | $1786 |
| Utah | $1580 |
| Virginia | $1873 |
GAINSCO Annual Rate Based on Age
| Age Group | Average Annual Premium |
|---|---|
| 18-20 | $2357 |
| 21-24 | $2044 |
| 25-34 | $1861 |
| 35-44 | $1583 |
| 45-54 | $1583 |
| 55-64 | $1500 |
| 65+ | $1677 |
GAINSCO Annual Average Rate based on Driving Infraction
| Driving Infraction | Average Annual Premium |
|---|---|
| DUI | $1504 |
| Defective Equipment | $2069 |
| Driving on Suspended License | $1895 |
| Careless Driving | $2303 |
| Seatbelt | $2030 |
| Traffic Sign Negligence | $2221 |
| Speeding over 15 | $2029 |
| Eluding Police | $1183 |
| Other | $2072 |
| Nil | $1697 |
GAINSCO Auto Insurance Discounts
GAINSCO’s policy offerings may not be expansive, but it provides discounts to its loyal customers and those who offer prompt payments.
- Pay-in-full Discount: GAINSCO offers you a discount if you make your payment upfront.
- Homeowner Discount: You get car insurance from GAINSCO if you own a home, a townhouse, or a mobile home.
- Auto-pay Discount: Policyholders can save money by signing up for auto-payment. One can sign up through their debit or credit card, or checking account.
- Loyalty Discount: This is offered if you maintain your coverage over a long period of time and the discount can be availed on renewal of the policy.
- Prior Coverage Discount: If the policyholder purchases the policy 3 days prior to the start date, they are eligible for a discount. Also, if you had at least 6 months of active coverage prior to their association with GAINSCO, you are eligible for the prior coverage discount.
- Renewal Discount: Even if you miss the early purchase deadline, you can still get a discount by renewing your existing GAINSCO insurance.
- Multi-car discount: If you own multiple cars, insuring them with GAINSCO can ensure a discount.
GAINSCO Customer Feedback
Though the limited presence of GAINSCO insurance can be a concern, they accept out-of-state licenses, which is a major positive. The discounts provided are a breather for the high-risk category of drivers whose premium rates are higher than normal.
Way.com Summary
GAINSCO car insurance can be the primary option for those seeking non-standard car insurance. The flexible payment options along with competitive rates for high-risk drivers make them approachable. Their specialization in minimum limit car insurance caters to a niche audience. However, they offer discounts on a wide range of terms. The higher complaint rate is probably due to the category of drivers who enroll for their policies. GAINSCO is an apt choice for those drivers seeking only the minimum coverage required by their state.
About GAINSCO Auto Insurance
GAINSCO Auto Insurance was established in 1978 and is based in Texas with its regional office in Miami, Florida. They are functional in 19 states and provide flexible insurance rates through MGA Insurance Company, their insurance company subsidiary. GAINSCO is currently being acquired by State Farm Mutual Automobile Insurance Co. This will expand the functions of both the brands and the services each provides.
GAINSCO also plays its part in giving back to the community. The organizations they donate to and volunteer for include Operation Blue Santa, and Ironton Lions club.
INSURANCE AGENT EXPERTS
Auto Insurance Data Methodology
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
Frequently Asked Questions
What is non-standard auto insurance?
Non-standard auto insurance is for drivers with risk concerns that make it difficult or impossible to obtain insurance in a regular or preferred market. They include new or young drivers, those with credit issues, multiple losses or moving offences, those seeking only minimal coverage, and those with unique license status.
Which states does GAINSCO insurance cover?
GAINSCO Auto Insurance is currently operational in 19 states namely, Alabama, Arkansas, Arizona, Arizona, California, Florida, Georgia, Illinois, Indiana, Kentucky, Los Angeles, New Mexico, Newyork, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and Virginia.
How do I contact GAINSCO Insurance provider?
GAINSCO provides its services online through their app
How to get my GAINSCO insurance card?
A licensed GAINSCO agent can add drivers, vehicles, and endorsements. Contacting an agent can help you proceed with the formalities involved and guide you through the digital process.
How to cancel GAINSCO auto insurance?
A policyholder can contact their local insurance agent or Gainsco directly at 1-866-GAINSCO to cancel a Gainsco vehicle insurance policy.
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