Which insurance carrier is right for you? Compare coverage, discounts and quotes from American National and Ameriprise.
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 the average rates that drivers typically pay with American National P&C and Ameriprise Group. On average, American National P&C charges approximately $54.19 per month while Ameriprise Group comes in at around $109.67 per month. For American National P&C, the cheapest state average is Idaho at $40.37 per month and the most expensive is Nebraska at $56.93 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.
|State||American National P&C||Ameriprise Group|
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|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average American National P&C charges $51.50 per month and Ameriprise Group charges $107.10 per month for customers who own their home.
|Own/Rent||American National P&C||Ameriprise Group|
What's the difference between American National and Ameriprise? Both show a positive review for their financial strength with an Excellent. 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.
|JD Power Ranking||Better Than Most|
|NAIC Complaint Ratio||0.23%||1.23|
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.
|Boat & Watercraft Insurance||✔||✔|
|Classic Car Insurance||✔||✔|
|Collateral Protection Insurance||✔|
|Commercial Auto Insurance||✔||✔|
|Credit Involuntary Unemployment Insurance||✔||✔|
|Credit Life And Credit Disability Insurance||✔||✔|
|Credit Property Insurance||✔||✔|
|Individual Major Medical Health Insurance||✔||✔|
|Long-Term Care Insurance||✔|
|Off-Road Vehicle Insurance||✔||✔|
|Recreational Vehicle Insurance||✔||✔|
|Vendor’s Single Interest Insurance||✔|
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!
|Collision Waiver Discount||Age of Home Discount|
|Common Cause of Loss Discount||Claims Free Discount|
|Fresh Start Discount||Defensive Driver Discount|
|Multi-Policy Discount||Education Discount|
|No Claims Cashback Bonus||Garaging Discount|
|Three Lines Discount||Good Driver Discount|
|Premier Safety Discount|
|Protective Devices Discount|
|Student Away Discount|
|Vehicle Safety Features Discount|
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||2.7||34 user reviews|
|Android||3||50 user reviews|
|Ameriprise Mobile App|
|Ameriprise does not currently have a mobile app for Home and Auto.|
|American National Contact Info|
|Address||One Moody Plaza - Galveston, Texas - 77550|
|Ameriprise Contact Info|
|Address||70100 Ameriprise Financial Center, Minneapolis, MN 55474|
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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