GAINSCO Reviews

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Updated Mar. 23, 2025

By: Diana Flowers

+1 more

Edited by: Matt Zane

About GAINSCO

GAINSCO is an auto insurance company specializing in non-standard policies for drivers who may be ineligible for coverage from other providers. The company primarily offers policies that only cover the minimum requirements for each state and can also issue SR-22 certificates for drivers wishing to get their license reinstated. GAINSCO operates in 22 states and has been owned by State Farm since 2020.

Pros

Options for high-risk drivers
Offers SR-22 certificates

Cons

Can be pricey
Low payouts

What is GAINSCO?

GAINSCO is a car insurance company that provides non-standard auto insurance and specializes in minimum-limits policies. Its plans are mainly targeted toward high-risk drivers who have been denied coverage by other providers or drivers who are licensed in another country.

The company was established in 1978 and is based in Dallas, Texas. State Farm purchased GAINSCO in 2020, but it continues to operate independently.

GAINSCO car insurance coverage

GAINSCO specializes in minimum coverage policies that meet the requirements of each state, but some drivers may be able to add comprehensive and collision coverage as well.

Coverage type	Coverage level
Bodily injury	$15,000 to $30,000 per person $50,000 to $65,000 per accident
Property damage	$10,000 to $25,000 per accident
Collision and comprehensive: Not available to all customers or for cars over 30 years old	$250 to $2,000 deductible
Uninsured/underinsured motorist	Bodily injury: $12,500 to $30,000 per person $50,000 to $100,000 per accident Property damage: $3,500 to $25,000 per accident with a $200 to $1,000 deductible
Rental car reimbursement	$20 to $40 per day $600 to $1,600 per accident
Towing and labor	$40 to $100 per disablement
Personal injury protection (PIP) or medical payment (MedPay): Cannot combine MedPay and PIP on the same policy	PIP: $2,500 to $15,000 per person MedPay: $500 to $5,000 per person

GAINSCO can also issue SR-22 certificates, a form many states require to prove a driver has the minimum level of liability insurance after a severe violation like a DUI conviction or driving with an expired license.

GAINSCO car insurance quotes and rates

You can get a quote from GAINSCO by connecting with a licensed agent in your area or online through the company's website. Rates are based on factors like your driving record for the past three to five years, the type of vehicle you drive, your age and marital status, but the company does not look at credit score.

There are several discounts that may be available, though not in every state:

Prior coverage
Military
Homeowner
Auto-pay
Paid in full
Multi-car
Renewal

GAINSCO FAQ

Does GAINSCO offer classic car coverage?

No, GAINSCO does not offer classic car coverage.

How long is a GAINSCO quote good for?

GAINSCO quotes are good for 30 days.

Does GAINSCO have accident forgiveness?

No, GAINSCO does not have accident forgiveness, and your premium will likely go up if you have to file a claim or are involved in an at-fault car accident.

Does GAINSCO offer full coverage car insurance?

Yes, you can add collision and comprehensive to your policy for full coverage, but this option isn’t available to all customers and can’t be applied to cars over 30 years old.

Where is GAINSCO available?

GAINSCO is available in 22 U.S. states: