Ameriprise Financial vs Auto-Owners Car Insurance for 2023
Comparing Ameriprise Financial and Auto-Owners Car Insurance, delve into the comprehensive offerings of two leading providers to inform your insurance decisions.
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Daniel Walker
Licensed 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 Insurance Agent
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance 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 car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance 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.
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In the realm of car insurance, securing the most favorable rates involves navigating a complex landscape of factors. Analyzing data from Ameriprise Financial and Auto-Owners, our comparison reveals distinct insights into how varying profiles impact insurance costs. For those with a pristine driving record, Auto-Owners emerges as the cost-efficient choice at $87 compared to Ameriprise’s $117 monthly rate. However, when exploring scenarios involving tickets, accidents, DUIs, or poor credit, Ameriprise consistently demonstrates competitive rates, outperforming Auto-Owners across these challenging profiles. Delve into the subcategories to uncover how specific variables, such as credit score, mileage, and coverage level, influence these rates, guiding you toward an informed insurance decision.
| Factor | Ameriprise Financial | Auto-Owners |
|---|---|---|
| Clean Record | $117 | $87 |
| 1+ Ticket | $136 | $105 |
| 1+ Accident | $176 | $127 |
| DUI | $194 | $130 |
| Poor Credit | $201 | $150 |
| Discount | Ameriprise Financial | Auto-Owners |
|---|---|---|
| Safe Driver | 10% | 5% |
| Low Mileage | 8% | 10% |
| Anti Theft | 25% | 10% |
| Paperless | 3% | 7% |
| Senior Driver | 25% | 15% |
| Good Student | 25% | 10% |
Ameriprise Financial Car Insurance
Pros:
- Long-Standing History: Ameriprise Financial has a long history dating back to 1894, and it is one of the largest financial planning companies in the United States.
- Comprehensive Coverage: Ameriprise offers a range of insurance products, including car insurance, home insurance, and life insurance, providing a one-stop solution for customers’ insurance needs.
- National Coverage: Car insurance policies from Ameriprise Financial are available in all 50 states, ensuring accessibility for a wide range of customers.
- Positive Customer Reviews: Many customers appreciate Ameriprise’s competitive rates and excellent customer service.
- User-Friendly Digital Tools: Ameriprise provides a mobile app and online account management capabilities, offering convenient and efficient ways to manage policies and file claims.
Cons:
- Limited Discounts: While Ameriprise offers discounts, the range of available discounts may be more limited compared to some other providers.
- Potentially Higher Rates: Rates for Ameriprise policies may not always be the most competitive, and customers may find lower rates elsewhere.
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Auto-Owners Car Insurance
Pros:
- Strong Customer Service: Auto-Owners is known for its outstanding customer service and commitment to helping customers during the claims process, as evidenced by numerous positive customer reviews.
- Longevity: With over 100 years of experience, Auto-Owners has a proven track record of reliability and stability.
- Multi-Policy Discounts: The company offers discounts for bundling multiple insurance policies, potentially leading to cost savings for customers who combine their coverage.
- Regional Availability: Auto-Owners car insurance is available in 26 states across the Midwest, South, and Northeast regions.
Cons:
- Limited Geographic Reach: Auto-Owners is not available in all states, which may limit its accessibility for some customers.
- Potentially Fewer Discounts: While the company offers multi-policy discounts, the range of available discounts may be more limited compared to some other providers operating on a national scale.
- Potential Pricing Variability: Depending on the customer’s location and individual circumstances, Auto-Owners may not always offer the most competitive rates.
- Limited Digital Innovations: While Auto-Owners offers a mobile app and online account management, its digital tools and resources may be less comprehensive compared to some other insurance providers.
Best Car Insurance Company: Ameriprise Financial
When considering the best car insurance company between Ameriprise Financial and Auto-Owners Car Insurance, Ameriprise Financial emerges as the top choice when all factors are considered. While both companies have their strengths, Ameriprise’s overall offering, including its extensive coverage options, national availability, user-friendly digital tools, and competitive rates, places it in a leading position.
Long-Standing History and Comprehensive Range of Products: Ameriprise Financial boasts a long-standing history and offers a comprehensive range of insurance products. These include car insurance, home insurance, and life insurance, providing customers with a holistic solution to address various aspects of their insurance needs.
Holistic Insurance Solution: The inclusion of car insurance, home insurance, and life insurance in Ameriprise Financial’s product portfolio allows customers to consolidate their insurance needs with one provider, creating a comprehensive and convenient solution.
National Coverage: Ameriprise Financial provides national coverage, ensuring accessibility for customers across all 50 states. This extensive reach enhances flexibility and convenience for customers, regardless of their geographical location.
Competitive Rates: Ameriprise has received positive feedback from customers regarding its competitive rates. This indicates that the company is able to offer insurance solutions at prices that are attractive to customers, contributing to its overall appeal.
Commitment to Customer Satisfaction: Many customers have praised Ameriprise for its excellent customer service. This positive feedback suggests a strong commitment on the part of the company to ensuring customer satisfaction through responsive and reliable service.
User-Friendly Technology: Ameriprise Financial enhances the overall customer experience through the use of user-friendly technology. The company’s mobile app and online account management capabilities are designed to streamline policy management and claims processing, providing customers with convenient tools for interacting with their insurance policies.
While both Ameriprise Financial and Auto-Owners Car Insurance have their merits, Ameriprise’s combination of a robust product offering, nationwide availability, affordability, and user-friendly technology gives it the edge as the best car insurance company overall.
Company History and Mission
Ameriprise Financial was founded in 1894 as Investors Syndicate, a company focused on selling mutual funds. Over the years, the company expanded its offerings to include a range of financial services, including insurance products such as car insurance. Today, Ameriprise Financial is one of the largest financial planning companies in the country, with over 2 million clients and over $900 billion in assets under management.
Auto-Owners Car Insurance was founded in 1916 in Michigan and has been providing insurance services for over 100 years. The company has a strong focus on customer service and has received numerous awards for its commitment to helping customers when they need it most.
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Products and Services Offered
Ameriprise Financial offers a range of insurance products, including car insurance, home insurance, life insurance, and more. The company’s car insurance policies include liability coverage, collision coverage, comprehensive coverage, and personal injury protection. Customers can also choose from a range of optional coverage options, such as roadside assistance and rental car coverage.
Auto-Owners Car Insurance offers a range of insurance products, including car insurance, home insurance, and business insurance. Their car insurance policies include liability coverage, collision coverage, comprehensive coverage, and uninsured/underinsured motorist coverage. Customers can also choose from a range of optional coverage options, such as roadside assistance and rental car coverage.
Cost of Services and States Offered
The cost of car insurance policies from Ameriprise Financial and Auto-Owners Car Insurance will vary depending on a range of factors, including the customer’s age, driving record, and location. However, both companies offer a range of discounts to help customers save money on their policies.
Ameriprise Financial offers discounts for safe driving, good grades for students, multi-car policies, and more. The company’s car insurance policies are available in all 50 states.
Auto-Owners Car Insurance offers discounts for safe driving, multiple policies with the company, and more. The company’s car insurance policies are available in 26 states across the Midwest, South, and Northeast regions of the country.
Case Studies: Ameriprise Financial vs Auto-Owners Car Insurance
Case Study 1: John’s Experience With Ameriprise Financial Car Insurance
John, a 35-year-old driver with a clean record, recently switched to Ameriprise Financial for his car insurance. He found that Ameriprise offered competitive rates and excellent customer service.
John appreciated the ease of filing a claim online and the quick response from the company. Overall, John found Ameriprise Financial to be a reliable and affordable car insurance provider.
Case Study 2: Sarah’s Experience With Auto-Owners Car Insurance
Sarah, a 28-year-old driver, chose Auto-Owners Car Insurance for her insurance needs. She was attracted to the company’s reputation for outstanding customer service and its commitment to helping customers during difficult times.
Sarah had a minor accident and was impressed with how smoothly the claims process went. Auto-Owners Car Insurance promptly handled her claim and provided the necessary support throughout the entire process. Sarah highly recommends Auto-Owners Car Insurance for its exceptional service.
Case Study 3: Mark’s Comparison of Ameriprise Financial and Auto-Owners Car Insurance
Mark, a 45-year-old driver, compared car insurance options between Ameriprise Financial and Auto-Owners Car Insurance. After obtaining quotes and evaluating coverage and pricing, Mark found that Ameriprise Financial offered slightly lower rates for the same coverage.
However, he discovered that Auto-Owners Car Insurance provided additional discounts for bundling home insurance, making it potentially more cost-effective in the long run. Mark reached out to customer service representatives from both companies and found them to be responsive and helpful.
Ultimately, he chose Ameriprise Financial due to the lower rates and his specific coverage needs, while appreciating the transparency and competitive offerings from both providers throughout the comparison process.
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Streamlining Experience With Ameriprise Financial vs. Auto-Owners
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
Both Ameriprise Financial and Auto-Owners Car Insurance offer user-friendly options for filing insurance claims. Customers can conveniently file claims through their respective online platforms or over the phone.
Additionally, both companies provide mobile apps for a seamless claims submission process. These digital features enhance the overall customer experience by making it easy to report accidents and initiate the claims process.
Average Claim Processing Time
The speed at which insurance claims are processed is a critical factor for customers. While specific processing times may vary depending on the complexity of the claim, both Ameriprise Financial and Auto-Owners Car Insurance aim to expedite the claims process. Typically, customers can expect a timely resolution to their claims, thanks to efficient processing systems in place.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is instrumental in assessing the effectiveness of an insurance provider’s claim resolution and payout process. Based on reviews and testimonials, both Ameriprise Financial and Auto-Owners Car Insurance have received positive feedback for their commitment to resolving claims fairly and promptly. Customers appreciate the transparency and reliability of these companies when it comes to settling claims.
Exploring Digital and Technological Innovations of Ameriprise Financial vs. Auto-Owners
Mobile App Features and Functionality
Ameriprise Financial and Auto-Owners Car Insurance have developed mobile apps that offer a range of features and functionality to enhance the customer experience.
These apps allow policyholders to manage their accounts, access policy documents, make payments, and even file claims directly from their smartphones. The user-friendly interfaces and convenience of these apps make it easier for customers to stay connected with their insurance providers on the go.
Online Account Management Capabilities
Both companies provide robust online account management capabilities through their websites. Customers can log in to their accounts to view and update policy information, review billing statements, and access important documents. The online portals offer a convenient way for policyholders to stay organized and informed about their insurance coverage.
Digital Tools and Resources
Ameriprise Financial and Auto-Owners Car Insurance offer a variety of digital tools and educational resources to help customers make informed decisions about their insurance. These resources may include insurance calculators, informative articles, FAQs, and interactive tools that assist customers in understanding their coverage options and making the right choices for their needs.
Customer Reviews
Both Ameriprise Financial and Auto-Owners Car Insurance have received positive reviews from customers. On the consumer review website, Consumer Affairs, Ameriprise Financial has an overall rating of 3.5 out of 5 stars based on 100 customer reviews. Many customers praised the company’s customer service and competitive pricing.
Auto-Owners Car Insurance has an overall rating of 4.2 out of 5 stars based on 630 customer reviews on Consumer Affairs. Many customers praised the company’s fast claims process and excellent customer service.
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Frequently Asked Questions
Can I get a quote for car insurance from Ameriprise Financial or Auto-Owners Car Insurance online?
Yes, both companies offer online quote tools that allow you to get a personalized quote for car insurance.
What types of discounts are available from Ameriprise Financial and Auto-Owners Car Insurance?
Both companies offer a range of discounts, including safe driving discounts, multi-car discounts, and discounts for bundling multiple insurance policies.
Can I customize my car insurance policy with Ameriprise Financial or Auto-Owners Car Insurance?
Yes, both companies offer a range of coverage options and optional coverage add-ons that allow you to customize your policy to fit your specific needs.
What should I do if I need to file a claim with Ameriprise Financial or Auto-Owners Car Insurance?
Both companies have a claims process in place that allows you to easily file a claim online or over the phone. Be sure to have your policy number and other relevant information handy when filing a claim.
Are there any geographical limitations to the coverage provided by Ameriprise Financial and Auto-Owners Car Insurance?
Ameriprise Financial offers car insurance policies in all 50 states, providing nationwide coverage. Auto-Owners Car Insurance, on the other hand, is available in 26 states across the Midwest, South, and Northeast regions.
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed 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 Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.