GAINSCO: Minimum-Limits Personal Auto Insurance in the South and Southwest
CheapCarInsuranceinc.com Rating: 
GAINSCO Insurance Review
As far as ratings go, there is room for improvement when it comes to GAINSCO. Their financial strength rating isn’t bad necessarily, but is still below what you might expect from a major insurance company. Additionally, most of their customers seem displeased with their service. According to Yelp, Credit Karma, and the NAIC complaint index, customer service and claims processing seem to be especially vulnerable areas for GAINSCO.
| Ratings Agency | Rating |
| AM Best Financial Strength Rating (2016) | B++ (Good) |
| Better Business Bureau Rating (2016) | A- |
| NAIC Complaint Index (2012) | 2.15 (Worse than Average) |
| Yelp (2016) | 1/5 Stars |
| Credit Karma (2016) | 1/5 Stars |
GAINSCO Insurance Discounts
It is uncertain how many discounts GAINSCO offers, if any, to customers who want a policy from them. But if you look at the context, it isn’t necessarily surprising. GAINSCO specializes in offering the absolute minimum legally required coverage to drivers who either can’t afford a comprehensive policy from a major provider, or who were rejected for coverage entirely. That sort of business model doesn’t leave room or motivation for GAINSCO to try and attract more business by offering discounts.
GAINSCO Auto Insurance Options
GAINSCO specializes in providing drivers with the minimum amount of coverage they need, according to state law, in order to be able to drive legally. This usually includes Liability Coverage (both Property Damage and Bodily Injury) at the very least. Some states may also require that you purchase UM/UIM coverage, PIP, and/or Medical Payments.
In truth, GAINSCO may also be able to provide comprehensive policies or additional coverage options to drivers who qualify and wish to purchase more coverage. But most of their clients are those who fall outside of the “preferred risk” driver pool and require less coverage for financial or personal reasons.
Comparing GAINSCO Insurance Quotes
If GAINSCO isn’t the only non-standard insurance provider in your area, then you should do yourself a favor and compare any quotes you receive from GAINSCO to similar non-standard providers near you. Also, understand that your personal circumstances (poor credit score, accidents on your driving record, and more) will likely mean that you will have to pay more than the national average for your coverage.
In the chart above, you have estimated quotes for what preferred-risk drivers would be charged for their monthly premiums. For a high-risk driver, the same policy will cost immensely more – or their minimum-limits policy may cost about as much as a comprehensive policy offered by another company.
Pros and Cons of GAINSCO Insurance
| Pro | Con |
| Offers relatively affordable, non-standard coverage to drivers who otherwise cannot get insurance | Alarmingly high rate of customer complaints |
| Recently incorporated online bill pay into their web design | Website is still fairly technologically limited |
When you’re searching for non-standard insurance coverage, you may not have very many options in your immediate area. If you manage to obtain coverage from a company like GAINSCO, make sure you try your best to improve upon the circumstances which put you in search for a non-standard policy in the first place. That way, once your record improves, you can evaluate whether staying with GAINSCO or obtaining standard coverage from a major provider is more financially beneficial.
P.O. Box 199023
Dallas, TX 75219
www.gainsco.com
Phone: 972-629-4301
Fax: 972-629-4401