Alyssa Lane
GAINSCO is a regional insurance company that specializes in non-standard car insurance for drivers with specific coverage needs. The company offers a handful of discounts to make its policies more affordable, including a discount for homeowners. However, GAINSCO does not provide additional insurance policy types such as homeowners insurance and renters insurance.
| Characteristics | Values |
|---|---|
| Insurance Types | Auto Insurance, SR-22 Insurance, FR-44 Insurance |
| Other Insurance Types | No homeowners insurance, renters insurance, or life insurance |
| Customer Service | Poor reputation, below-average ratings, online and over-the-phone contact options |
| Discounts | Prior coverage, advance purchase, pay-in-full, auto-pay, homeowners |
| Average Monthly Cost | $207 |
| Coverage | Ideal for high-risk drivers |
| Apps | Quick Estimate app for Android and iOS, full-service mobile app for Android |
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What You'll Learn
GAINSCO does not offer homeowners insurance
GAINSCO is a regional insurance company that specializes in non-standard car insurance for drivers with specific coverage needs. The company conducts insurance operations through MGA Insurance Company, connecting customers to independent agents in their area. GAINSCO only offers personal auto insurance policies and does not currently provide other types of insurance products, including homeowners, renters, or life insurance.
While GAINSCO provides a discount to homeowners, this is in relation to their auto insurance policies. Homeowners who are GAINSCO policyholders may qualify for a discount on their car insurance. This is because, as a smaller insurer, GAINSCO does not offer bundling options for multiple insurance plans.
GAINSCO's auto insurance plans are available in 20 states: Arizona, New Mexico, Utah, Texas, Oklahoma, Tennessee, Virginia, South Carolina, Georgia, Florida, Alabama, Ohio, Indiana, Arkansas, Illinois, Missouri, Wisconsin, Mississippi, Maryland, and Oregon. The company offers SR-22 and FR-44 forms for drivers with high-risk profiles, which not all auto insurance companies provide.
GAINSCO has a less-than-stellar reputation when it comes to customer service, with below-average ratings. The company provides online, in-person, and over-the-phone contact options for customers looking to make payments, get quotes, or start a policy.
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Homeowners can get a discount on their car insurance
GAINSCO is a regional insurance company that specializes in non-standard car insurance for drivers with specific coverage needs. The company does not provide additional insurance policy types such as homeowners insurance, renters insurance, or life insurance. However, it does offer a handful of discounts that may help you save on your car insurance. One of these discounts is for homeowners.
If you are a homeowner with a home, mobile home, condo, or townhouse, you may qualify for a discount on your GAINSCO car insurance. This is a common discount offered by many insurance providers. GAINSCO also offers other discounts such as the advance shopping discount, the pay-in-full discount, and the AutoPay discount.
To maximize your chances of a smooth claim filing, GAINSCO suggests that you do not leave the scene of the accident and report the claim immediately at 1-866-GAINSCO. You can also take photographs of the accident scene and any damage to vehicles, which can be easily uploaded directly to the GAINSCO mobile app. The app is available for both Android and iOS users and helps policyholders file claims, make payments, view their plan details, and get in touch with a customer service representative.
GAINSCO has an AM Best financial strength rating of A- (Excellent), indicating its financial stability. However, its customer service ratings are below average. The company has an extensive range of auto insurance plans, and policyholders can add extra coverage to their plans depending on their needs. GAINSCO is best for people seeking SR-22 car insurance, which is proof that you have at least the minimum car insurance required by law in your state. The company offers low-cost alternatives to other SR-22 insurance providers, making it a good choice for high-risk drivers.
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GAINSCO's car insurance is more expensive than the national average
GAINSCO is an auto insurance company that specializes in providing insurance plans for high-risk drivers. The company was acquired by State Farm in late 2020 but continues to operate separately.
GAINSCO's auto policies are available in 20 states: Alabama, Arizona, Arkansas, Florida, Georgia, Illinois, Indiana, Mississippi, Missouri, New Mexico, Ohio, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, Wisconsin, and Maryland.
While GAINSCO does not provide homeowners insurance, it does offer a handful of discounts to make its policies more affordable. One such discount is for homeowners. If a GAINSCO policyholder owns a home, mobile home, condo, or townhouse, they may qualify for a discount on their car insurance.
GAINSCO has a less-than-stellar reputation when it comes to customer service, with below-average customer satisfaction ratings. According to CRASH Network's 2025 Insurer Report Card, GAINSCO's level of customer satisfaction is below the national average, ranking 92nd out of 97 insurers reviewed. The company has also received a higher-than-expected number of complaints relative to its size, according to data from the National Association of Insurance Commissioners.
In terms of pricing, GAINSCO may be cheaper than standard carriers, but its rates are still considered high. The national average cost of car insurance is $2,692 for full coverage and $808 for minimal coverage, while premium data from GAINSCO is unavailable. However, customers can take advantage of various discounts offered by the company to lower their costs, such as the homeowners discount, multi-car discount, prior coverage discount, advance purchase discount, and pay-in-full discount.
Overall, while GAINSCO's car insurance may be more expensive than the national average, the company specializes in serving high-risk drivers who may not be able to find coverage with standard carriers. Customers can utilize the various discounts offered by GAINSCO to help offset the potentially higher costs.
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GAINSCO offers a pay-in-full discount for car insurance
GAINSCO is an auto insurance company that offers a range of car insurance plans. The company was acquired by State Farm in 2020 and currently operates in 20 states in the US. GAINSCO specialises in insurance plans for high-risk drivers and offers SR-22 and FR-44 forms for drivers with high-risk profiles. In addition to its auto insurance offerings, GAINSCO provides a variety of discounts to help customers save money on their policies.
One of the discounts offered by GAINSCO is the pay-in-full discount. Customers who choose to pay their policy in full upfront are eligible to receive a discount on their car insurance. This is in contrast to the more common option of spreading out policy payments over several months. By taking advantage of the pay-in-full discount, policyholders can save money on their auto insurance premiums.
The pay-in-full discount is just one of several discounts offered by GAINSCO to make its policies more affordable. The company also offers a homeowner's discount, where policyholders who own a home, mobile home, condo, or townhouse may qualify for a discount on their car insurance. Additionally, GAINSCO provides an AutoPay discount, where setting up automatic withdrawals can result in savings on the premium.
Other discounts offered by GAINSCO include the advance shopping or advance purchase discount, where purchasing a policy three to 30 days before the renewal date or before it goes into effect can result in a discount. The company also offers a prior coverage discount for drivers who have had continuous prior auto insurance coverage with a maximum lapse of 30 to 60 days.
While GAINSCO offers a range of discounts and specialised insurance plans for high-risk drivers, it is important to note that the company does not provide additional insurance policy types such as homeowners insurance, renters insurance, or rideshare insurance. GAINSCO also has a less-than-stellar reputation for customer service, with ratings below the national average in some surveys. However, the company provides multiple channels for customer service inquiries, including phone, email, social media, and a mobile app, making it convenient for customers to get in touch.
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GAINSCO's customer service is below average
GAINSCO is a regional insurance company that specializes in non-standard car insurance for drivers with specific coverage needs. While the company offers a range of auto insurance plans, it does not provide additional insurance policy types such as homeowners, renters, or life insurance. This means that customers cannot save money by bundling multiple insurance plans with GAINSCO.
GAINSCO's customer service has been consistently described as below average. According to CRASH Network's 2025 Insurer Report Card, which surveys collision repair shops on the quality of insurance companies' repairs and customer service, GAINSCO's level of customer satisfaction is below the national average. The company received a D+ grade, ranking 92 out of 97 insurers reviewed. The Better Business Bureau (BBB) has also given GAINSCO a low score of 1.09 out of 5 stars on its customer review index.
Online customer reviews on forums like Reddit, Quora, and Trustpilot further reinforce GAINSCO's poor customer service reputation. Customers have complained about high rates and a lack of satisfactory service. GAINSCO's average insurance premiums are higher than the national average, with monthly costs ranging from $124 for liability coverage to $270 for full coverage, or $207 according to another source. These prices are higher than the national average.
GAINSCO's customer service via phone and email has also been criticized. Customers have reported long wait times and being put on hold multiple times during a single call. The company's mobile app, which is supposed to help policyholders file claims, view plan details, and get in touch with customer service representatives, has also received mixed reviews. While it is easy to use and can be helpful after an accident, it is currently only available for Android users, leaving iOS users without this option.
Overall, GAINSCO's customer service ratings are below average, and the company may not be the best option for those who prioritize quick and efficient customer support. However, it is important to note that insurance companies typically receive low scores from the BBB, and GAINSCO may still be a good choice for high-risk drivers seeking SR-22 car insurance.
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Frequently asked questions
No, GAINSCO does not offer homeowners insurance.
GAINSCO offers auto insurance, specialising in non-standard insurance for high-risk drivers.
Non-standard insurance is for drivers with specific coverage needs, such as those with a poor driving record, custom car parts, or a foreign ID.
GAINSCO has a less-than-stellar reputation for customer service. Its level of customer satisfaction is below the national average, and it has a D+ grade from CRASH Network's 2025 Insurer Report Card.
GAINSCO's insurance rates are higher than the national average. On average, GAINSCO car insurance costs $207 monthly, or $2,484 yearly.
