American National vs. Ameriprise Insurance

Which insurance carrier is right for you? Compare coverage, discounts and quotes from American National and Ameriprise.

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American National vs. Ameriprise: What You Need to Know

American National Insurance Company (ANICO) was founded in 1905 by William Lewis Moody Jr. and headquartered in Gavelston, Texas. During the decades of the 1920s, the company’s assets increased more than 400 percent, compared with the national average for insurance companies at that time. The company continued to grow rapidly, even during the Depression and avoided laying off employees or suffering annual losses.

Founder John Tappan founded Ameriprise Financial over 125 years ago, with a mission to help Americans achieve their goals. The company was originally called Investors Syndicate. Investing $5 each, he had 1,000 clients. By 1914, his assets reached $1 million. In 1925, entrepreneur John R. Ridgeway purchased Investors Syndicate, which ended up paying out every dollar ($101 million) to certificate holders during the Great Depression (1929-1939). Assets grew from $28 million to $153 million and in 1940, Investors Syndicate entered the mutual fund market. In 1945, the company entered the market with investor's stock fund and investors selective fund. In 1949, Investors Syndicate changed its name to Investors Diversified Services (IDS) and Investors Syndicate Life Insurance and Annuity Company was formed. Grady Clark became president in 1960 and the sales organization became a national network. In 1973, Investor Syndicate Life Insurance and Annuity Company were renamed IDS Life Insurance Company. In 1984, the American Express Company acquired IDS for $780 million. Harvey Golub became CEO of IDS Financial Services. Two years later, IDS acquired Wisconsin Employers Casualty Company of Green Bay and renamed it IDS Property Casualty Insurance Company. In 1994, IDS celebrated its 100th anniversary and $100 billion in assets. In 1995, IDS changed its name to American Express Financial Advisors (AEFA) and David Hubers became the CEO and President. In 2000 James Cracchiolo succeeded Hubers. In 2002, AEFA acquired Dynamic Ideas, LLC, the quantitative platform RiverSource Investments. AEFA acquired Threadneedle, a leading British investment firm. In 2005, Ameriprise Financial became an independent, publicly owned company and Ameriprise Financial renamed American Express Property Casualty Insurance companies to Ameriprise Auto & Home Insurance and announced the RiverSource brand. The company entered the Fortune 500 at 297. In 2008, Ameriprise Financial acquired J.&W. Seligman and H&R Block Financial Advisors. During the financial crisis, Ameriprise Financial advanced $700 million to help clients with cash needs. In 2009, Ameriprise Financial partnered with Feeding America, the nation’s largest domestic hunger-relief organization. In 2010, Ameriprise Financial became the eighth-largest manager of long-term U.S. mutual fund assets, largely due to the acquisition of Columbia Management. In 2014, it launched a Confident Retirement® approach. The new Columbia Threadneedle Investments brand was launched in 2015. In 2017, Columbia Threadneedle Investments acquired Lionstone Investments, a real estate investment firm and also acquired Investment Professionals, Inc, a new advisor channel to serve clients of financial institutions. In 2019, the National trust bank converted to Ameriprise Bank, FSB.

Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit American National P&C Overview and Ameriprise Group Overview.

American National P&C vs. Ameriprise Group: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with American National P&C and Ameriprise Group. On average, American National P&C charges approximately $ per month while Ameriprise Group comes in at around $109.67 per month. For American National P&C, the cheapest state average is at $0.00 per month and the most expensive is at $0.00 per month. For Ameriprise Group, the cheapest state average is Arizona at $109.70 per month and the most expensive is Arizona at $109.70 per month.

American National P&C

Average Rate

$
Ameriprise Group

Average Rate

$109.67
National

Average Rate

$120.83
State American National P&C Ameriprise Group
Arizona- $109.70

American National P&C vs. Ameriprise Group: Rates by Number of Vehicle

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Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that American National P&C and Ameriprise Group typically charge for drivers who have more than 1 vehicle.

Number of Vehicles American National P&C Ameriprise Group
1 Vehicle $ $101.86
2 Vehicles $ $135.61

American National P&C vs. Ameriprise Group: Rates by Homeownership

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What Are American National and Ameriprise Insurance's Ratings?

What's the difference between American National and Ameriprise? Both show a positive review for their financial strength with an "A" (Excellent) from A.M. Best, a leading independent rating organization. American National received an "A" rating from Standard & Poor's (S&P). However, Ameriprise has a slightly high NAIC Complaint Ratio of 1.23. Find out more and start to compare insurance companies side-by-side.

ComparisonAmerican NationalAmeriprise
Year Founded19051894
A.M. Best RatingAA
Financial StrengthExcellentExcellent
JD Power RankingBetter Than Most
MoodysA3
NAIC Complaint Ratio0.23%1.23
S&P RatingA

American National or Ameriprise: Insurance Products Offered

American National and Ameriprise sell insurance policies with competitive premiums in Auto, Home, Life, Renters, Annuities and Condo coverage. American National offers specialty products like Credit Life and Credit Disability Insurance or Collateral Protection Insurance. However, Ameriprise offers additional products in Disability, Long-Term Care, Travel and Umbrella insurance. Compare the American National and Ameriprise and see which insurer is for you.

Insurance American National Ameriprise
Agribusiness Insurance
Annuities
Auto Insurance
Boat & Watercraft Insurance
Business Insurance
Classic Car Insurance
Collateral Protection Insurance
Commercial Auto Insurance
Condo Insurance
Credit Involuntary Unemployment Insurance
Credit Life And Credit Disability Insurance
Credit Property Insurance
Disability Insurance
Health Insurance
Home Insurance
Individual Major Medical Health Insurance
Liability Insurance
Life Insurance
Long-Term Care Insurance
Motorcycle Insurance
Off-Road Vehicle Insurance
Recreational Vehicle Insurance
Renters Insurance
RV Insurance
Travel Insurance
Umbrella Insurance
Vendor’s Single Interest Insurance
Workers Compensation

American National or Ameriprise: Ways to Save

Ameriprise and American National offer attractive insurance discounts to policyholder's premiums. See what the two insurance providers have to offer with a side-by-side discount comparison chart. Getting an auto insurance quote from SmartFinancial will help you save time. Get a quote today!

American NationalAmeriprise
Collision Waiver DiscountAge of Home Discount
Common Cause of Loss DiscountClaims Free Discount
Fresh Start DiscountDefensive Driver Discount
Multi-Policy DiscountEducation Discount
No Claims Cashback BonusGaraging Discount
Three Lines DiscountGood Driver Discount
Multi-Car Discount
Multi-Product Discount
Premier Safety Discount
Protective Devices Discount
Renovation Discount
Student Away Discount
Tenure Discount
Vehicle Safety Features Discount

Pros & Cons of American National & Ameriprise

Pros

American National
  • American National Insurance has a friendly and helpful customer service according to the reviews
  • The company operates in all 50 U.S. states
Ameriprise
  • A very financially sound company.
  • One of the largest networks of agents.
  • Offers auto insurance through Costco

Cons

American National
  • American’s National website is difficult to navigate and find specific information that you’re may looking for.
Ameriprise
  • The complaint ratio for Ameriprise is higher than the national average. Since 2015, however, it has steadily decreased

American National or Ameriprise Mobile Apps Options

American National's AN Mobile App is available for iOS and Android. This mobile app provides you access to view personal lines insurance policy info (Auto, Home, Specialty Lines, Umbrella Insurance), view your Auto ID cards, submit an Auto and/or Home insurance claim, pay your personal line insurance policy with your bank account or credit/debit card, report an issue or send feedback directly to our development team, request 24-hour roadside assistance and check your Cashback℠ balances (where available).

The only app available for Ameriprise is for financial services and financial planning, not for home and auto.

American National Mobile App
iOS     2.734 user reviews
Android     350 user reviews
Ameriprise Mobile App
Ameriprise does not currently have a mobile app for Home and Auto.

American National & Ameriprise Contact Info

American National Contact Info
AddressOne Moody Plaza - Galveston, Texas - 77550
Phone1-800-333-2860
Websitehttps://www.americannational.com/
Facebookhttps://www.facebook.com/AmericanNationalInsuranceCompany
Youtubehttps://www.youtube.com/channel/UCESIrhTSwvPnZAmuxSccYYg
Linkedinhttps://www.linkedin.com/company/american-national-insurance/
Ameriprise Contact Info
Address70100 Ameriprise Financial Center, Minneapolis, MN 55474
Phone1-800.862.7919
Websitehttps://www.ameriprise.com/
Facebookhttps://www.facebook.com/AmeripriseAutoHome/
Youtubehttps://www.youtube.com/user/Ameriprise
Twitterhttps://twitter.com/AmeripriseAH
LinkedInhttps://www.linkedin.com/company/ameriprise-auto-and-home-insurance/

Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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