Fast-Growing Insurer Brings Low-Cost, Minimum-Limits Coverage to the Drivers throughout the State
DALLAS, Texas - Mar. 15 (SEND2PRESS NEWSWIRE) -- Beginning today, New Mexico drivers will have access to high-quality, low-cost auto insurance from one of the nation's fastest-growing insurance carriers. GAINSCO Auto Insurance, which insures drivers across the Southern United States, has expanded its operations into New Mexico and will sell its personal auto policies through a network of independent insurance agents across the state.
GAINSCO specializes in minimum-limits personal auto insurance, which allows drivers to purchase the legally required insurance coverage at minimum cost.
Key benefits of GAINSCO's insurance include:
- * No credit scoring
* Competitive rates with low down payments
* Coverage for drivers with no prior insurance
* Coverage for drivers with previous accidents, tickets, or violations
* Coverage for young drivers
* Liability and physical damage coverage
* Older vehicles accepted
* Flexibility to exclude household members upon request
* Instant SR-22s (proof of insurance required for drivers who have been ticketed for driving without insurance)
The Company launched its presence in the state in partnership with independent agents who will represent the Company across 49 New Mexico communities. GAINSCO President and Chief Executive Officer, Glenn Anderson, expects the number of cities to grow to 75 or more by year's end.
"We're excited to add New Mexico to our growing southwestern footprint," said Anderson. "Our goal is to build a long-term presence in the state and we're excited that so many agency partners have come on board with us at the very beginning."
About GAINSCO Auto Insurance
GAINSCO Auto Insurance (AMEX:GAN) is one of the fastest-growing providers of specialty auto insurance services. Based in Dallas, Texas, GAINSCO sells its policies through a network of thousands of independent agents across Sunbelt states, including Florida, South Carolina, Texas, Arizona, Nevada, California, and New Mexico. Established in 1978, GAINSCO's corporate headquarters are located in Dallas, with key regional field offices in Miami and Phoenix.
For more information, visit www.GAINSCO.com.
Some of the statements made in this release may be forward-looking statements. Forward-looking statements reflect current views and relate to future events or future financial performance and may involve known or unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. Please refer to the Company's recent SEC filings, including the Annual Report on Form 10-K for the year ended December 31, 2005 and the Company's Form S-3 Registration Statement filed October 4, 2006, for more information regarding factors that could affect the Company's results.
Forward-looking statements are relevant only as of the dates made, and the Company undertakes no obligation to update any forward-looking statement to reflect new information, events or circumstances after the date on which the statement is made. All written or oral forward-looking statements that are made by or are attributable to the Company are expressly qualified in their entirety by this cautionary notice. Actual results may differ significantly from the results discussed in these forward-looking statements.
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