Gainsco insurance reviews and ratings
- Offers car insurance for high-risk drivers.
- Had more than the expected number of complaints to state regulators relative to its size for auto insurance.
- Available in 11 states.
Headquartered in Dallas, Gainsco specializes in nonstandard auto insurance for high-risk drivers. Established in 1978, Gainsco car insurance is sold through its subsidiary, MGA Insurance Co.
Gainsco sells policies through comparison websites and independent agents in 11 states: Alabama, Arizona, Florida, Georgia, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah and Virginia.
State Farm, the largest insurer in the country, acquired Gainsco in late 2020. Although Gainsco will continue to operate separately, State Farm will eventually offer combined products.
Gainsco pros and cons
|Provides coverage for high-risk drivers who may not be able to get sufficient insurance elsewhere||More than the expected number of complaints to state regulators for auto insurance|
|Can provide an SR-22 form if needed||Website gives no coverage details|
|Online quote available|
Gainsco auto insurance
Gainsco auto insurance earned 3 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account pricing and discounts, ease of filing a claim, website transparency, financial strength, complaint data from the National Association of Insurance Commissioners and more.
In addition to these typical coverages, other options may include:
SR-22 form: Many states require that your insurer file an SR-22 form to prove you have the minimum amount of car insurance after a DUI or other offenses. Similarly, Florida and Virginia require an FR-44 form to prove you have sufficient coverage. Gainsco can file these forms on its customers’ behalf, unlike many companies.
Non-owner insurance provides liability insurance if you don’t own a car. A non-owner policy can prevent you from being labeled as a high-risk driver due to a lapse in coverage if you don’t have a car. Drivers who need an SR-22 form may also need this type of policy to get a driver’s license reinstated.
Gainsco’s auto insurance discounts may include:
- Discount for signing up for automated payments or paying your premium upfront, in full.
- Discount if you own a home, condo, townhouse or mobile home.
- Early signing discount for buying a policy at least three days before it starts.
- Multiple-car discount.
- Loyalty discount.
- Discount if you had auto insurance prior to Gainsco (six months of proof, with no more than a 30-day lapse).
» MORE: Compare car insurance rates
Complaints about Gainsco
Gainsco had more than the expected number of complaints to state regulators relative to its size for auto insurance, according to three years’ worth of data from the National Association of Insurance Commissioners.
More about Gainsco
Website: Gainsco’s website provides an FAQ section and a glossary of insurance terms, but no coverage option details. Existing customers can make a payment, report and track claims and request an agent.
Mobile app: Similarly to its website, Gainsco’s mobile app allows users to get a quote, report a claim, request an agent and make a payment. The app is available for both Apple and Android devices.