Who Is GAINSCO Auto Insurance?
GAINSCO Auto Insurance is a specialty auto insurance carrier headquartered in Dallas, Texas, that focuses on the non-standard personal automobile insurance market. Through its insurance subsidiary, MGA Insurance Company, Inc., GAINSCO provides coverage to drivers who may have difficulty finding affordable policies through standard carriers — including those with prior lapses in coverage, less-than-perfect driving records, or limited insurance history.
Since its acquisition by State Farm in 2020, GAINSCO has continued to operate under its own brand while benefiting from the financial strength and operational support of the nation's largest auto insurer. This combination of specialty expertise and blue-chip backing makes GAINSCO a uniquely valuable option for drivers who need reliable, affordable coverage.
History & Heritage
GAINSCO was established in 1978 as a Texas corporation focused on the non-standard auto insurance market. For over four decades, the company built a reputation as a go-to option for drivers who did not fit neatly into the standard insurance mold. Working exclusively through independent agents, GAINSCO developed deep expertise in underwriting and pricing non-standard risks fairly.
In September 2020, State Farm Mutual Automobile Insurance Company announced it would acquire GAINSCO for approximately $400 million — marking the very first acquisition of an insurance company in State Farm's then-98-year history. The transaction closed on December 31, 2020. State Farm chose GAINSCO specifically because of its proven track record in the non-standard auto segment, a market State Farm wanted to serve but had not historically specialized in.
Under State Farm's ownership, GAINSCO has maintained its independent brand, its agent relationships, and its focus on making auto insurance accessible to drivers who might otherwise go uninsured. The financial backing of State Farm has also strengthened GAINSCO's balance sheet, leading to an upgraded AM Best rating.
What They Are Known For
- Non-standard auto expertise: GAINSCO has been writing coverage for high-risk and non-standard drivers since 1978. They understand this market better than most.
- Affordable minimum-limits coverage: For drivers who need state-minimum liability coverage at a fair price, GAINSCO is often the most competitive option in our panel.
- Flexible payment options: GAINSCO offers multiple payment plans, including low down payments, to make coverage accessible to drivers on a budget.
- 24/7 online claims and payments: Customers can file claims and make payments online around the clock through GAINSCO's customer portal.
- State Farm financial backing: Since the 2020 acquisition, policyholders benefit from the financial stability of the nation's largest auto insurer.
- Mobile app: The GAINSCO Auto Insurance app lets customers make payments, file claims, request quotes, and contact support directly from their phone.
Why We Partner With GAINSCO
At Better Choice Insurance Group, we believe every driver deserves access to quality auto insurance at a fair price. Not every client who walks through our door has a spotless driving record or continuous coverage history. That is where GAINSCO shines. They specialize in the drivers that other carriers decline or price out of reach.
When a client comes to us with a DUI on their record, a coverage lapse, or a string of tickets, GAINSCO is often the carrier that comes back with the most competitive quote. Their underwriters understand non-standard risk, and their pricing reflects decades of experience rather than a one-size-fits-all penalty. For our clients, that can mean the difference between driving legally and driving uninsured.
We also value GAINSCO's commitment to the independent agent channel. They have worked with agents like us since 1978, and they understand that the agent relationship is what keeps their customers properly covered and informed. That alignment makes our partnership stronger for everyone involved.
AM Best Rating
GAINSCO's insurance subsidiary, MGA Insurance Company, Inc., carries an A− (Excellent) rating from AM Best. This rating was upgraded following State Farm's acquisition in 2020, reflecting the enhanced financial strength and support of its parent company.
Quick Links — GAINSCO Auto Insurance
Where We Write GAINSCO Auto Insurance
Better Choice Insurance Group offers GAINSCO Auto Insurance policies to homeowners and drivers across our service areas:
- Texas: San Antonio, Dallas, Houston, Austin, Fort Worth