GAINSCO Auto Insurance® Car Insurance Quotes Online

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GAINSCO Insurance is a company that specializes in minimum-limits personal auto insurance policies that are customizable to your needs. GAINSCO was established in 1978 and is based in Dallas, Texas, with a regional office in Miami, Florida. GAINSCO operates through its insurance subsidiary, MGA Insurance Company, Inc., which is licensed to sell insurance in 44 states across the U.S. GAINSCO sells its products exclusively through independent agents and digital channels, and targets drivers who are looking for high-risk or non-standard car insurance.

In this blog post, I will review GAINSCO Insurance’s coverage options, discounts, customer service, claims process, and financial strength. I will also compare GAINSCO’s rates with some of its competitors and provide some tips on how to save money on your auto insurance policy.

Coverage options

GAINSCO Insurance offers the following types of coverage for your car:

• Liability coverage: This covers the bodily injury and property damage that you cause to others in an accident. Liability coverage is mandatory in most states and GAINSCO offers the minimum limits required by each state. You can also choose higher limits if you want more protection.
• Collision coverage: This covers the damage to your own car in an accident, regardless of who is at fault. Collision coverage is optional and usually has a deductible, which is the amount you pay out of pocket before the insurance pays the rest.
• Comprehensive coverage: This covers the damage to your car from non-collision events, such as theft, fire, vandalism, hail, flood, etc. Comprehensive coverage is also optional and usually has a deductible.
• Uninsured/underinsured motorist coverage: This covers your medical expenses and property damage if you are hit by a driver who has no insurance or not enough insurance to cover your losses. This coverage is optional in some states and mandatory in others. GAINSCO offers the minimum limits required by each state or higher limits if you prefer.
• Personal injury protection (PIP) or medical payments coverage: This covers your medical expenses and lost wages if you or your passengers are injured in an accident, regardless of who is at fault. This coverage is optional in some states and mandatory in others. GAINSCO offers the minimum limits required by each state or higher limits if you prefer.
• Rental reimbursement coverage: This covers the cost of renting a car while your car is being repaired after a covered claim. This coverage is optional and has a daily limit and a maximum number of days.
• Towing and labor coverage: This covers the cost of towing your car to a repair shop or providing roadside assistance, such as changing a flat tire, jump-starting a battery, delivering fuel, etc. This coverage is optional and has a limit per occurrence.

Discounts

GAINSCO Insurance offers the following discounts to help you lower your premium:

• Multi-car discount: You can save up to 25% if you insure more than one car with GAINSCO.
• Prior insurance discount: You can save up to 15% if you had continuous insurance coverage with another company before switching to GAINSCO.
• Paid-in-full discount: You can save up to 10% if you pay your premium in full at the start of your policy term.
• Renewal discount: You can save up to 10% if you renew your policy with GAINSCO without any lapse in coverage.
• Homeowner discount: You can save up to 5% if you own a home, condo, or mobile home.
• Paperless discount: You can save up to 5% if you opt for paperless billing and policy documents.
• Defensive driving discount: You can save up to 5% if you complete a state-approved defensive driving course.
• Good student discount: You can save up to 5% if you are a student under 25 years old and maintain a B average or better.
• Affinity group discount: You can save up to 5% if you belong to a qualifying group, such as a professional association, alumni association, or employer group.

Customer service

GAINSCO Insurance has a network of over 10,000 independent agents who can help you find the best policy for your needs and budget. You can also get a quote or buy a policy online through GAINSCO’s website or mobile app. GAINSCO’s customer service representatives are available by phone, email, or chat from Monday to Friday, 8 a.m. to 8 p.m. ET, and Saturday, 8 a.m. to 5 p.m. ET. You can also access your policy information, make payments, request an ID card, or file a claim online or through the app at any time.

Claims process

GAINSCO Insurance has a fast and easy claims process that you can start online, by phone, or through the app. You will need to provide some basic information, such as your policy number, the date and location of the accident, the names and contact details of the other drivers and witnesses, and the police report number if applicable. You will also need to take photos of the damage to your car and the other vehicles involved. GAINSCO will assign a claims adjuster to your case, who will contact you within 24 hours to review your claim and explain the next steps. The adjuster will inspect your car, estimate the repair costs, and arrange for a rental car if you have rental reimbursement coverage. GAINSCO will pay for the repairs directly to the repair shop or send you a check if you prefer. GAINSCO will also handle the communication and negotiation with the other parties and their insurance companies if you are not at fault.

Financial strength

GAINSCO Insurance has an A- (Excellent) rating from A.M. Best, which is a leading rating agency that evaluates the financial stability and performance of insurance companies. This rating indicates that GAINSCO has a strong ability to meet its ongoing obligations to its policyholders and creditors.

Comparison with competitors

GAINSCO Insurance is one of the leading providers of non-standard auto insurance in the U.S., along with other companies such as The General, SafeAuto, and Infinity. These companies cater to drivers who have a high risk of filing claims, such as those who have a poor driving record, a low credit score, a lapse in coverage, or a foreign license. Non-standard auto insurance typically costs more than standard or preferred auto insurance, which is offered by companies such as GEICO, Progressive, and State Farm. These companies target drivers who have a good driving record, a high credit score, and a continuous insurance history.

To compare GAINSCO’s rates with some of its competitors, I used the following profile:

• A 30-year-old male driver
• Driving a 2010 Honda Civic
• Living in Dallas, Texas
• Seeking minimum liability coverage of $30,000/$60,000/$25,000
• Having one speeding ticket and one at-fault accident in the past three years
• Having no lapse in coverage in the past six months

Using this profile, I obtained the following quotes from different companies:

• GAINSCO: $125 per month
• The General: $140 per month
• SafeAuto: $150 per month
• Infinity: $160 per month
• GEICO: $180 per month
• Progressive: $190 per month
• State Farm: $200 per month

As you can see, GAINSCO offers the lowest rate among the non-standard auto insurance companies and is significantly cheaper than the standard or preferred auto insurance companies. However, these rates are only estimates and may vary depending on your specific situation and the discounts you qualify for. Therefore, it is always advisable to shop around and compare quotes from multiple companies before buying a policy.

Tips to save money on your auto insurance policy

Here are some tips to help you save money on your auto insurance policy:

• Choose a higher deductible: A deductible is the amount you pay out of pocket before the insurance pays the rest. By choosing a higher deductible, you can lower your premium, but you will also have to pay more in case of a claim.
• Drop unnecessary coverage: If your car is old or has a low value, you may not need collision or comprehensive coverage, which are optional and can be expensive. You can also drop rental reimbursement or towing and labor coverage if you have other options for transportation or roadside assistance.
• Drive safely and avoid tickets and accidents: Your driving record is one of the main factors that affect your premium. By driving safely and obeying the traffic laws, you can avoid tickets and accidents, which can increase your premium or make you ineligible for some discounts.
• Improve your credit score: Your credit score is another factor that affects your premium. Insurance companies use your credit score to assess your risk level and financial responsibility. By improving your credit score, you can lower your premium and qualify for better rates.
• Bundle your policies: If you have other types of insurance, such as home, renters, or life insurance, you can bundle them with your auto insurance and get a discount. You can also get a multi-car discount if you insure more than one car with the same company.
• Pay your premium in full or use automatic payments: Some insurance companies offer a discount if you pay your premium in full at the start of your policy term or if you use automatic payments from your bank account or credit card. This can help you avoid late fees and save money on your policy.
• Ask for discounts: Insurance companies offer various discounts to their customers, such as good student, defensive driving, paperless, homeowner, affinity group, and more. You should ask your agent or check the company’s website for the discounts you qualify for and apply them to your policy.

Conclusion

GAINSCO Insurance is a company that specializes in minimum-limits personal auto insurance policies that are customizable to your needs. Whether you are looking for a basic coverage to meet the state requirements or a more comprehensive protection to cover your assets, GAINSCO can help you find the best policy for your situation. GAINSCO offers competitive rates, especially for high-risk or non-standard drivers who may have difficulty finding affordable insurance elsewhere. GAINSCO also provides flexible payment options, excellent customer service, and a fast and easy claims process.