Review of Ameriprise Financial Car Insurance
Ameriprise Financial car insurance has been available since the 1970's. Ameriprise has an A+ financial stability rating from AM Best.
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Written by
Zaneta Wood
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Reviewed by
Joel Ohman
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UPDATED: May 26, 2020
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- Ameriprise has been selling insurance products since the 1970’s
- The company has positive ratings from A.M. Best and the Better Business Bureau
- If you are searching for car insurance coverage, compare quotes from multiple companies before making a decision
Ameriprise Financial was founded in 1894 as an investment type company. The goal of Ameriprise was to provide ways for people to save and invest their money.
It wasn’t until the 1970’s that Ameriprise started selling insurance products to their customers.
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What Ameriprise Insurance Offers
Ameriprise Financial offers financial planning services, banking, insurance, investments and lending services. In the insurance category, they sell:
- Annuities
- Life insurance
- Disability income insurance
- Car insurance
- Home insurance
- Long-term care insurance
Ameriprise is not a member of the BBB (Better Business Bureau), however they do have a rating of A+.
They have had 41 complaints filed against them, 22 of which were resolved. The other complaints weren’t resolved because the people who complained refused to work with Ameriprise.
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The most common complaints about Ameriprise is their poor customer service and bad sales practices.
Ameriprise has an A+ rating from A.M. Best and a long-term outlook of stable. They were recently upgraded from poor to stable.
Many car insurance companies are currently facing a long-term outlook of poor because of the economic downturn. It is believed that if they can survive the next couple of years their outlook will turn around.
Overall Ameriprise is a well-established company with good quality insurance products.
They aren’t perfect, but they do work hard to resolve any complaints that they receive. Overall it appears that Ameriprise is an excellent choice for anyone who needs auto insurance.
If, however, you want more options and you want to compare quotes with multiple car insurance companies, then you need to consider other options.
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