Ameriprise Auto Insurance Review

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One-sentence summary of our review: Ameriprise offers comprehensive auto insurance coverage and impressive discounts at a price that won’t break the bank.

J.D. Power Score AM Best Rating BBB Rating SimpleScore
4 out of 5 A B+ 3.25

Our Two Cents: If you’re looking for flexible policy options and a high level of coverage, Ameriprise is one to check out. Ameriprise premiums are affordably priced, especially if you have a Costco membership.

Ameriprise Auto Insurance offers a full range of auto insurance coverage while maintaining some of the lowest rates in the industry.

Ameriprise Insurance is well-known for its partnership with Costco and is referred to by many as Costco auto insurance because Ameriprise offers members of the superstore an exclusive discount on Ameriprise insurance for both home and auto policies. As an additional incentive, Ameriprise offers Costco members extra benefits for free, such as stolen key coverage and windshield replacements. While the savings are attractive, these are benefits that many insurance companies do not offer. No matter your policy, Ameriprise customers receive knowledgeable customer service and 24/7 access for filing claims.

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Ameriprise Insurance is available in 44 states and the District of Columbia, and it also provides financial planning services through Ameriprise Financial. If you’re an Ameriprise Financial customer, you receive lifetime renewability for the auto insurance. This is a great benefit because you never know what accidents might happen, and you’ll receive more security by being able to renew.

If you’re looking for additional insurance coverage, Ameriprise also provides convenient bundling. Customers can choose from home, auto, renters, and specialty insurance to bundle together in an umbrella policy. With this option, you can eliminate the need for researching and vetting multiple insurance companies because all you need to search for are Ameriprise insurance reviews or a Costco auto insurance review.

Pros Cons
Fantastic coverage options
Good discounts
Widespread coverage
Can’t make a claim online
Few mobile tools

Pricing

Ameriprise auto insurance is known for being pretty affordable. Its website says that drivers can save up to $595.99 by switching to Ameriprise from their existing provider. If it’s true, that’s significant savings.

However, you won’t know exactly how much it’s going to cost you until you get a quote. Insurance premiums are personalized, considering factors like your age, driving record, credit history, vehicle and address. Every company has an algorithm that weighs these factors differently, which is why rates vary.

To help you understand how much you can expect to pay for Ameriprise car insurance, we got a sample quote for a 30-year-old married female driver living in the San Francisco Bay Area in California.

Our quote for a 2010 Honda Civic came to $1,135 per year. It included $100,000/$300,000 for bodily injury, property damage and uninsured motorist coverage. Our deductible for each type of coverage was $500.

Before committing to a purchase, compare quotes to make sure you’re getting the best deal. Don’t just look at price, though. Read customer Ameriprise auto insurance reviews so you can go with a company that has strong financial strength ratings. These ratings are a good indicator that the insurance company will be able to pay out your claims when you need them to. Consider customer satisfaction ratings too. It may not seem that important now, but it can make a big difference when you go to file a claim. You can find additional reviews under Costco auto insurance reviews too.

If I’m on a budget, should I consider Ameriprise?

Ameriprise is known for offering affordable car insurance premiums. If you’re on a budget and there is coverage in your area, look into Ameriprise. However, getting a quote is the only way to determine if an Ameriprise policy will fit within your budget.

Customer experience

Overall, Ameriprise provides a good customer experience. Their website is easy to navigate, you can get a quote online and there is plenty of information about the coverages and discounts offered.

However, the biggest downside is that there aren’t many mobile tools. Ameriprise has mobile apps, but you can’t view or manage your auto insurance policy from the apps. This won’t be a huge concern for most people, but an app can be convenient when you need quick access to your policy documents or roadside assistance and you’re not near a computer.

If you want to file a claim, you’ll have to call an agent. In comparison, many of Ameriprise’s competitors, like Allstate and State Farm, allow policyholders to file a claim through the mobile app or online.

Coverage

Ameriprise offers all state-mandated auto insurance coverages, including comprehensive, collision, bodily injury, property damage, uninsured/underinsured motorist and medical expenses coverage. In addition, drivers in no-fault states can purchase personal injury protection.

Ameriprise is also a good choice for drivers with a lease or loan. It’s one of the few auto insurers to offer gap coverage, which pays the balance of your lease or loan if your vehicle is totaled. Most companies only pay the actual value, which may be less than what you owe on your car. Ameriprise will pay up to 120 percent of your vehicle’s value to prevent you from being stuck with a loan on a car you no longer own.

Deals, discounts and add-ons

Ameriprise is a great auto insurance company across the board. The company stands out for its excellent discounts and add-on coverage options. With Ameriprise, you can fully customize your policy based on the coverages you need and take advantage of discounts that can make your premium more affordable.

Discounts

  • Good driver: If you practice safe driving habits, Ameriprise will lower your premium. This discount is only available to drivers in California.
  • Premier safety: The premier safety discount is for drivers who have no claims, accidents or traffic violations on their record for the past four years.
  • Defensive driver: If you’ve taken a DMV-approved defensive driving course, you qualify for a discount. Just provide an agent a copy of your certificate of completion.
  • Vehicle safety features: If your vehicle has certain safety features, like airbags, anti-lock brakes, automatic seatbelts or an anti-theft device, you could get a lower premium.
  • Garaging discount: If you keep your vehicle in a garage overnight, the added protection could earn you a discount.
  • Good student: Full-time students who get good grades are eligible for savings on their insurance rate.
  • Student away at school: If you or your child goes to school at least 100 miles from home, they qualify for a lower rate.
  • Education: If you or someone in your family has completed at least four years of post-high-school education, you can save money on your car insurance.
  • Multi-car: You qualify for a lower rate if you insure multiple vehicles with Ameriprise.
  • Multi-product: If you bundle your auto and home, auto and umbrella, or auto, home and umbrella insurance, you’ll save money.
  • Tenure discount: After you’ve been with Ameriprise for several years, it will lower your insurance rate.

Add-ons

  • New car replacement: If your car is less than a year old with less than 15,000 miles, you qualify for new car replacement. This pays to replace your vehicle with one of the same make and model if it is damaged in a crash. New cars depreciate quickly, so the actual value of your car at the time of the accident may not be enough to pay for a new one. Ameriprise covers your vehicle up to 110 percent of the MSRP, so you won’t run into this problem.
  • Windshield repair with no deductible: If a rock chips your windshield, you can get it replaced without paying a deductible. This coverage is included standard with Ameriprise auto insurance policies.
  • Roadside assistance: Ameriprise offers roadside assistance and towing coverage which can be a big help if your car breaks down unexpectedly. If it’s going to be in the shop for a while, Ameriprise’s rental car reimbursement coverage will help you cover the costs of renting a vehicle.
  • Stolen key coverage Ameriprise includes protection for stolen keys in your comprehensive coverage. If someone steals your car keys, the company will pay for new ones and replace the locks. If the total cost is less than $250, you won’t have to pay a deductible.
  • Accident travel expense coverage: If you get into an accident while over 100 miles away from home and your car has to be taken in for repairs, Ameriprise will pay for travel accommodations while you wait for your car to be fixed.

Ameriprise affordability

The company is known for its affordable rates and many discounts, so it’s a good choice if you’re on a budget. As an Ameriprise customer, you can earn savings for a variety of things you likely already do, like driving safely, insuring multiple vehicles and storing your car in a garage.

  • Plenty of ways to save: Ameriprise has a good selection of auto insurance discounts, including uncommon ones like garaging, tenure and education discounts. There’s also multi-vehicle, safe driver discounts and vehicle discounts. If you have a teen driver on your policy, you may be able to take advantage of good student and student away at school discounts, which can take the sting out of those high young driver premiums.
  • Good choice for a lease or loan: Ameriprise is one of the few auto insurers to offer gap coverage, which pays the balance of your lease or loan if your vehicle is totaled. Most companies only pay the actual value, which may be less than what you owe on your car. Ameriprise will pay up to 120% of your vehicle’s value to prevent you from being stuck with a loan on a car you no longer own.
  • Accident forgiveness: Ameriprise offers accident forgiveness to policyholders with three years of safe driving under their belt. If you’re found to be at fault in an accident, you won’t have to worry about your rates going up. In states that don’t allow accident forgiveness, Ameriprise will decrease the premium surcharge over the course of three years, rather than requiring you to pay it in full until the accident falls off your record

Ameriprise auto insurance overview

Price Varies by location, vehicle and other factors
Best for People on a budget, customer service, multi-policy
Not for High-risk drivers, young or new drivers, drivers with multiple accidents
Discounts Accident-free, Air bags, Anti-lock brakes, Anti-theft device, Automatic seatbelts, Defensive driving course, Education, Garaging, Good student, Loyalty, Multi-vehicle, Safe driving, Student away at school, Tenure
States served 44
In businesssince 1894
Better Business Bureau rating A+
AM Best rating A (Excellent)
Moody’s rating A3
S&P rating A
Standout features Costco auto insurance, Lifetime renewability for Ameriprise Financial clients, New car replacement, Glass repair with no deductible, and Gap coverage

Ameriprise has a longstanding history in the insurance industry, and has excellent financial strength. The company has an A rating from A.M. Best, an A3 rating from Moody’s, and an A rating from S&P. That indicates that Ameriprise has enough money to compensate drivers who file a claim. The company serves drivers in 44 states and Washington D.C., making it one of the most widely available auto insurance providers.

When it comes to competitors, Ameriprise competes with most major insurance companies, including Geico, Progressive, Allstate and State Farm. Here is how they compare.

Geico

Geico is another insurer known for its affordable rates and deep discounts. So if for some reason you’re not satisfied with Ameriprise, Geico is worth checking out. It falls behind Ameriprise in terms of customer satisfaction, though. It received mixed reviews in the J.D. Power survey, falling below the regional average several times.

Progressive

Progressive is another good choice for those on a budget. Like Ameriprise, it offers gap coverage to help pay the balance of your lease or loan if your vehicle is totaled in an accident. Its discounts aren’t quite as impressive as Geico’s or Allstate’s, but its rates are consistently affordable. In terms of customer satisfaction, Progressive is just average according to the J.D. J.D. Power survey.

Allstate

Despite its many discounts, Allstate’s rates are typically much more expensive than the other companies on this list. However, it does offer nice rewards to safe drivers, including the Safe Driving Bonus Check and vanishing deductible. It also offers a unique claim satisfaction guarantee, which gives you a refund if you’re unsatisfied with the way your claim was handled.

State Farm

State Farm is the largest auto insurer in the nation and is known for its customer service. It doesn’t offer as many discounts or optional coverages as some of the other companies on this list, but it’s a great choice if you’re looking for standard coverage and excellent customer service at a reasonable price.

The bottom line

We recommend Ameriprise to all drivers who can get coverage where they live. The company offers unbeatable coverage options, great discounts and affordable premiums. Overall, the customer experience is good, and the customer service is about average. There are few downsides to Ameriprise, which is rare in the auto insurance industry.

Frequently asked questions

Is Ameriprise car insurance expensive?

Ameriprise car insurance is typically cheaper than other car insurance providers. In the U.S., the average cost of car insurance is $1,758 per year. However, car insurance is highly personalized, and rates vary by state. You can get an online quote from Ameriprise to determine how much money you’ll pay for the amount of coverage you want.

What coverage does Ameriprise offer?

Ameriprise offers some of the best car insurance coverage on the market. Ameriprise offers basic coverage, like comprehensive, collision, bodily injury, property damage, uninsured motorist and medical payments coverage.

Additionally, drivers can purchase a range of add-on coverages, like gap insurance, roadside assistance and towing, rental car insurance, new car replacement coverage, stolen key coverage, and accident travel expense coverage. There is also an optional glass repair deductible waiver.

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Save money on auto coverage with our simple comparison tool.

Elizabeth Rivelli
Elizabeth Rivelli
Contributing Writer

Elizabeth is a contributor to The Simple Dollar, where she reviews insurance providers and policies. She has more than three years of experience writing for top online insurance and finance publications, including Bankrate, Coverage.com and Reviews.com.