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MGA Auto Insurance Review for 2025 (See Their Rates & Coverage Options)

MGA Insurance Company, Inc., operating under the GAINSCO Auto Insurance brand, provides non-standard coverage starting at $100/month for high-risk drivers. This MGA auto insurance review highlights GAINSCO’s low initial payment program, tailored to help drivers with accidents.

UPDATED: Jan 30, 2025Fact Checked

Alexandra Arcand

Insurance and Finance Writer

Alexandra Arcand is an outreach administrator and insurance expert located in North Central Ohio. She has a passion for writing, investing, and education. As an insurance content writer for over three years, Alexandra has first-hand experience in business finance, economics, and real estate. She leads an outreach writing team that specializes in travel, real estate, healthcare, law, finance, an...

Insurance and Finance Writer

Daniel Walker

Licensed Auto Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Auto Insurance Agent

UPDATED: Jan 30, 2025

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Jan 30, 2025

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jan 30, 2025Fact Checked

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MGA Insurance Company, Inc.

Monthly Rates:

$100

A.M. Best Rating:

B++

Complaint Level:

Med

Pros

  • Focused on non-standard insurance for high-risk drivers
  • Flexible payment options and lower initial payments are available
  • Simplified policy management ensures easy use for customers

Cons

  • Customer service reviews highlight frequent dissatisfaction
  • Discount offerings are fewer than major competitors
[su_box title="Things to Remember..." style="default”]
  • MGA Insurance Group is licensed for business in all 50 states in the United States
  • MGA Insurance is family-operated and provides both personal and business insurance products
  • MGA Insurance offers different discounts including those for good driving and certain club memberships
[/su_box] An MGA auto insurance review determines that this company has three offices in Florida. One is in Lakewood Ranch, the Bradenton area, and the other is in Sarasota. MGA Insurance Group is licensed to conduct business in 50 states in the U.S. Its rating from A.M. Best is maintained at a "B+." MGA stands for Managing General Agent in the insurance industry; although, this company does not claim to specialize in appointing insurance agents.  MGA was acquired by Gallagher Insurance in 2014.

The MGA auto insurance review emphasizes the GAINSCO’s proficiency in providing non-standard insurance options specifically designed for high-risk drivers.

MGA Auto Insurance Review

Supported by GAINSCO Auto Insurance, MGA is focused on offering flexible payment options and easy policy management. This makes it a good choice for drivers who have had past accidents or periods without insurance coverage.

MGA Auto Insurance Rating

Rating CriteriaGainsco: MGA Auto Insurance Review
Overall Score3.0
Business Reviews3.0
Claim Processing1.8
Company Reputation3.0
Coverage Availability1.9
Coverage Value2.9
Customer Satisfaction1.3
Digital Experience3.0
Discounts Available4.0
Insurance Cost3.9
Plan Personalization3.0
Policy Options2.8
Savings Potential4.0

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The review looks at its best program features, such as options for low initial payments and adaptability to different state’s coverage.

MGA uses GAINSCO’s resources with a focus on being affordable and accessible, in order to provide effective solutions for the specific needs of drivers.

Find affordable MGA Insurance by GAINSCO options now. Enter your ZIP code for instant quote comparisons.

Things to remember

  • MGA auto insurance review covers non-standard policies
  • Flexible payments make it accessible for high-risk drivers
  • Backed by GAINSCO, it offers enhanced program resources

Comparing MGA Insurance Company Rates to Competitors by Coverage Level

MGA Insurance Company, Inc. is a subsidiary of GAINSCO, Inc., operating under the brand name GAINSCO Auto Insurance. It offers non-standard auto insurance, especially for high-risk drivers. Its office is in Dallas, Texas.

High-Risk Auto Insurance Definition Card: MGA Auto Insurance Review

MGA aims to provide cost-effective coverage choices, such as adaptable payment schemes and lower initial payments, to people with previous accidents, traffic offenses, or no continuous insurance history. MGA Insurance, which operates in many states, such as Texas and Florida, focuses on making policy management easy and efficient using a simplified method.

This table shows the monthly fees for minimum and full coverage given by MGA compared to leading rivals. It gives a deep analysis of costs, unveiling how each firm situates itself within the marketplace.

MGA Auto Insurance Monthly Rates vs. Top Competitors by Coverage Level

Insurance CompanyMinimum CoverageFull Coverage
Allstate: MGA Auto Insurance Review$87$228
Farmers: MGA Auto Insurance Review$76$198
Gainsco: MGA Auto Insurance Review$115$225
Geico: MGA Auto Insurance Review$43$114
Liberty Mutual: MGA Auto Insurance Review$96$248
Nationwide: MGA Auto Insurance Review$63$164
Progressive: MGA Auto Insurance Review$56$150
State Farm: MGA Auto Insurance Review$47$123
Travelers: MGA Auto Insurance Review$53$141
USAA: MGA Auto Insurance Review$32$84

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MGA’s pricing starts at $115 for the lowest coverage and goes up to $225 for full coverage. These costs are higher compared with budget-focused options like USAA, which offers rates as low as $32 for the minimum and $84 for complete coverage.

Geico and State Farm also offer competitive price structures. Geico’s complete coverage is $114, while the minimum from State Farm costs only $47. At a more expensive level, Liberty Mutual increases its rates to up to $96 for basic coverage and even reaches $248 for a complete insurance package. This shows that MGA’s pricing falls comfortably in the moderate range within this variety of options.

MGA Auto Insurance Monthly Rates by Provider & Driving Record

Insurance CompanyClean RecordOne TicketOne AccidentOne DUI
Allstate: MGA Auto Insurance Review$228$268$321$385
Farmers: MGA Auto Insurance Review$198$247$282$275
Gainsco: MGA Auto Insurance Review$225$250$275$315
Geico: MGA Auto Insurance Review$114$151$189$309
Liberty Mutual: MGA Auto Insurance Review$248$302$335$447
Nationwide: MGA Auto Insurance Review$164$196$230$338
Progressive: MGA Auto Insurance Review$150$199$265$200
State Farm: MGA Auto Insurance Review$123$137$146$160
Travelers: MGA Auto Insurance Review$141$192$199$294
USAA: MGA Auto Insurance Review$84$96$111$154

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MGA’s rates are $225 for drivers with clean records, rising to $250 for one ticket, $275 for one accident, and $315 for a DUI. While competitive, MGA is outpaced by providers like USAA, which maintains the lowest rates across all categories, with $84 for clean records and $154 for a DUI.

Provider Screenshot: MGA Auto Insurance Review

On the higher end, Liberty Mutual’s rates climb dramatically, reaching $447 for a DUI. Meanwhile, State Farm and Geico stand out with steady increases and more affordable options for drivers with minor violations.

MGA Insurance Rates Across Age and Gender Groups

This table shows the effect of age and gender on monthly car insurance costs for basic and complete coverage with MGA. The rates change significantly between different groups of people, providing important information for drivers to assess expenses.

MGA Auto Insurance Monthly Rates by Coverage Level, Age, & Gender

Age & GenderMinimum CoverageFull Coverage
16-Year-Old Female$215$345
16-Year-Old Male$255$390
18-Year-Old Female$195$320
18-Year-Old Male$240$375
25-Year-Old Female$145$250
25-Year-Old Male$155$265
30-Year-Old Female$140$235
30-Year-Old Male$145$240
45-Year-Old Female$110$220
45-Year-Old Male$115$225
60-Year-Old Female$100$210
60-Year-Old Male$105$215
65-Year-Old Female$100$205
65-Year-Old Male$105$210

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The chart shows that younger drivers must pay the most, especially males. For instance, a 16-year-old male needs $255 for minimum insurance and $390 for total protection. As you grow older as a driver, your costs decrease as risk reduces. A woman of 45 years pays only $110 for minimum coverage, and twice this amount, or $220, is needed when she opts for full coverage.

Interestingly enough, even senior citizens get competitive rates; let’s take an example of a 65-year-old female who has to spend just around $100 on the basic cover while her expense becomes approximately double at about $205 if they want complete risk mitigation, which indicates driving experience comes with affordable premiums.

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Insights Into MGA Insurance Ratings and Consumer Feedback

This table emphasizes MGA Insurance’s main business ratings and customer reviews, giving a quick look at its performance in terms of client satisfaction, issues, and financial robustness. These ratings provide important information about how MGA compares in the insurance sector.

MGA Insurance Business Ratings and Consumer Reviews

AgencyGainsco: MGA Auto Insurance Review
J.D. Power: MGA Auto Insurance ReviewScore: 790 / 1,000
Avg. Satisfaction
BBB: MMGA Auto Insurance ReviewScore: B
Fair Business Practices
Consumer Reports: MGA Auto Insurance ReviewScore: 68 / 100
Mixed Customer Feedback
NAIC: MGA Auto Insurance ReviewScore: 1.20
Avg. Complaints
A.M. Best: MGA Auto Insurance ReviewScore: B++
Good Financial Strength

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MGA got a score of 790/1,000 from J.D. Power, showing that customer satisfaction is around average. The Better Business Bureau assigned it a “B++” grade, which stresses fair trade business operations, while Consumer Reports gave it 68 out of 100 points, and this suggests diverse opinions coming from those who hold policies with them.

MGA has a complaint score of 1.20, as per NAIC, which indicates it faces more complaints than the average in its industry. This suggests they can improve. However, their B++ rating from A.M. Best shows that MGA is financially stable and likely to fulfill its obligations over time. Find out which are the cheapest auto insurance companies in your area.

A Reddit post emphasizes that MGA runs as a “non-standard” insurer, focusing on supplying insurance to drivers who may find it challenging to obtain policies from regular companies.

This makes MGA a possible choice for people who bigger, famous insurance companies have rejected. Insurance providers such as MGA focus on high-risk drivers, providing customized policies to satisfy their unique requirements.

Coverage Options Offered by MGA Insurance

MGA Auto Insurance gives special choices for drivers who are considered high-risk, making sure that the insurance suits particular needs and situations. The following list shows primary coverages offered by MGA.

  • Liability Coverage: This coverage guarantees compliance with the least state demands and offers a safeguard from financial burdens resulting from mishaps.
  • Collision Coverage: This choice is very important for drivers who need monetary safeguards for the expenses of repair or replacement after a collision where they’re at fault.
  • Comprehensive Coverage: All-around insurance shields against events not related to accidents, such as theft, property damage, or natural calamities. When you are with MGA, this coverage ensures that drivers are protected from unforeseen happenings that they cannot prevent.
  • Uninsured/Underinsured Motorist Coverage: MGA protects you when the faulty driver has no insurance or does not have enough. This ensures that policy owners can recover damages even if the person responsible cannot pay.
  • Medical Payments (MedPay): This optional insurance cover helps settle medical bills for you and your passengers after an accident, no matter who is at fault. MedPay guarantees that personal costs for hospital trips, surgery, or rehabilitation are kept to a minimum.

MGA has a variety of insurance services that make it a trustworthy selection for drivers who need flexibility and affordability.

Read more: Types of Auto Insurance

Exploring MGA Insurance Discounts and Savings Potential

This table shows different discounts from MGA Auto Insurance, focusing on how much money you can save. Every discount is intended to reward certain driving habits, insurance selections, or active attempts to lower risks and expenses.

MGA Auto Insurance Discounts by Savings Potential

DiscountGainsco: MGA Auto Insurance Review
Bundling20%
Good Student15%
Low Mileage15%
Military15%
Multi-Vehicle15%
Safe Driver15%
Anti-Theft Device10%
Defensive Driving10%
Early Signing10%
Pay-in-Full10%

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MGA presents the largest reduction, 20%, for combining policies. This makes it a wise selection for those wanting to merge car insurance with other types of coverage. Find the best auto insurance discounts for good drivers tailored to your needs.

Policyholders who demonstrate consistent renewal and long-term commitment to MGA can access loyalty-based savings over time.

Michelle Robbins Licensed Insurance Agent

There are 15% discounts available in areas such as performing well at school, being part of the military, and keeping a vehicle that doesn’t cover much mileage. It shows how dedicated this company is to encouraging sensible and cost-effective driving behaviors by offering these rewards.

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Why GAINSCO’s Backing Matters

MGA Insurance Company, Inc., with the support of GAINSCO Auto Insurance, offers dependable options for drivers who are at high risk at affordable costs. It also has flexible plans for paying and customized coverage choices.

Discover more by reading our guide: What is needed for adequate auto insurance coverage?

Because it concentrates heavily on non-standard policies, MGA is a suitable option for drivers in need of reliable insurance, even those with previous driving difficulties. The company benefits from using GAINSCO’s resources, which boosts its capability to deliver personalized plans while guaranteeing financial stability and unique program propositions.

Discover MGA Insurance by GAINSCO savings here. Enter your ZIP code for fast, free quote comparisons.

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Frequently Asked Questions

Who is the parent company of MGA Insurance Company, Inc.?

MGA Insurance Company, Inc. is owned by GAINSCO Auto Insurance, which specializes in non-standard auto coverage for high-risk drivers. Explore the best auto insurance companies for high-risk drivers, offering tailored coverage and affordable rates.

Does GAINSCO insurance have a grace period?

GAINSCO Auto Insurance typically offers a short grace period for missed payments, but the duration varies by state and policy. Confirm details with customer support.

Does GAINSCO insurance have an app?

Yes, GAINSCO Auto Insurance offers a mobile app that allows policyholders to manage their accounts, make payments, and access insurance documents conveniently. You can save on MGA auto insurance by entering your ZIP code into our free quote comparison tool.

Is GAINSCO a legitimate company?

GAINSCO Auto Insurance is a legitimate company that specializes in affordable, non-standard car insurance for high-risk drivers. Its financial stability is supported by an A.M. Best rating of B++.

Which type of car insurance is best in GAINSCO?

The best type of insurance from GAINSCO Auto Insurance depends on your needs. Full coverage auto insurance is ideal for maximum protection, while liability-only suits budget-conscious drivers.

What type of car insurance is the cheapest in GAINSCO?

Liability-only coverage is the cheapest option from GAINSCO Auto Insurance, with monthly rates starting as low as $100, depending on your location and driving record.

Can I cancel my GAINSCO car insurance?

You can cancel your GAINSCO Auto Insurance policy anytime by contacting customer service. However, cancellation fees or refund policies may apply.

Can I pay for GAINSCO insurance with a credit card?

GAINSCO Auto Insurance accepts credit card payments, allowing policyholders to pay premiums online or through the mobile app.

Will GAINSCO insurance automatically renew?

Yes, GAINSCO Auto Insurance policies typically renew automatically unless canceled by the policyholder or the company. Ensure payment is up to date to avoid interruptions. Learn when your auto insurance renews to avoid lapses in protection.

What does MGA car insurance offer?

Under the GAINSCO Auto Insurance brand, MGA auto insurance company provides non-standard coverage options tailored for high-risk drivers, with monthly premiums starting at $100.

What is included in MGA auto services insurance?

Auto services insurance from MGA, powered by GAINSCO, offers flexible policies for high-risk drivers, including low initial payments and coverage.

Does MGA provide car dealership insurance?

Under the GAINSCO Auto Insurance brand, MGA specializes in non-standard auto coverage for individuals but may assist with tailored solutions for dealership-related needs.

Does MGA Insurance Company operate in Georgia?

MGA Insurance Company operates in Georgia through the GAINSCO Auto Insurance brand, providing flexible coverage options and monthly rates. Explore the best Georgia auto insurance options tailored to your needs today.

How can I contact MGA Insurance Company?

You can reach MGA Insurance Company through their customer service phone number, typically listed on their official website or policy documents. Check the GAINSCO Auto Insurance site for accurate contact details.

Does MGA Insurance Company operate in Florida?

Under the GAINSCO Auto Insurance brand, MGA Insurance Company provides non-standard auto insurance in Florida, offering flexible coverage and monthly premiums. Compare MGA auto insurance rates by entering your ZIP code into our free quote tool now.

What do reviews say about MGA Insurance Company, Inc.?

Reviews of MGA Insurance Company, Inc., operating under GAINSCO Auto Insurance, often highlight its affordability for high-risk drivers with flexible policies. However, some customers report mixed experiences with claims processing and customer service.

How does MGA auto insurance handle claims?

MGA Auto Insurance, backed by GAINSCO, processes claims efficiently, typically within 7-14 days, depending on the complexity. Policyholders can file claims online, by phone, or through the mobile app for added convenience. Discover the steps for filing an auto insurance claim with ease.

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Alexandra Arcand

Insurance and Finance Writer

Alexandra Arcand is an outreach administrator and insurance expert located in North Central Ohio. She has a passion for writing, investing, and education. As an insurance content writer for over three years, Alexandra has first-hand experience in business finance, economics, and real estate. She leads an outreach writing team that specializes in travel, real estate, healthcare, law, finance, an...

Insurance and Finance Writer

Daniel Walker

Licensed Auto Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Auto Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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