Arbella vs. Ameriprise Insurance

Which insurance provider is right for you? Compare cost, savings, and quotes from Arbella and Ameriprise.

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Arbella vs. Ameriprise: What You Need to Know

Founded in 1988 in Quincy, Massachusetts, Arbella took over Kemper Group’s Massachusetts auto insurance business, which was then-troubled. Arbella’s founders worked to strengthen their partnership with independent agents. Arbella is a mutual company owned by its policyholders and prides itself on excellent customer service. In 2004, Arbella formed the Arbella Insurance Foundation to support not-for-profit organizations that have a positive impact on the communities Arbella serves, donating more than $13 million to 960 different charities. Arbella also founded the Arbella Insurance Group Charitable Foundation in 2004. Arbella has consistently ranked as one of the best places to work in New England. Arbella Insurance Group has more than $600M in revenue with approximately $1B in assets.

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. In 1940, Investors Syndicate entered the mutual fund market. In 1945, it entered the market with investors stock fund and investors selective fund. In 1949, Investors Syndicate changed its name to Investors Diversified Services (IDS). 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 was 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 was 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 the 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 Arbella Insurance Group Overview and Ameriprise Group Overview.

Arbella Insurance Group vs. Ameriprise Group: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Arbella Insurance Group and Ameriprise Group. On average, Arbella Insurance Group charges approximately $175.86 per month while Ameriprise Group comes in at around $109.67 per month. For Arbella Insurance Group, the cheapest state average is Massachusetts at $175.91 per month and the most expensive is Massachusetts at $175.91 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.

Arbella Insurance Group

Average Rate

$175.86
Ameriprise Group

Average Rate

$109.67
National

Average Rate

$119.96
State Arbella Insurance Group Ameriprise Group
Arizona- $109.70
Massachusetts $175.91 -

Arbella Insurance Group vs. Ameriprise Group: Rates by Number of Vehicle

Home

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

Number of Vehicles Arbella Insurance Group Ameriprise Group
1 Vehicle $163.48 $101.86
2 Vehicles $248.46 $135.61

Arbella Insurance Group vs. Ameriprise Group: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Arbella Insurance Group charges $162.30 per month and Ameriprise Group charges $107.10 per month for customers who own their home.

Own/Rent Arbella Insurance Group Ameriprise Group
Own $162.30 $107.10
Rent $179.94 $111.18

What is Arbella and Ameriprise Insurance Rating?

Which car insurance company is better? We've made it easy to compare companies side by side. See how Arbella and Ameriprise ranked among the industry ratings.

Comparison Arbella Ameriprise
Year Founded 1988 1894
A.M Best Rating A- A
Financial Strength Excellent Excellent
JD Power Ranking Below Average Better Than Most
Moodys A3
NAIC Complaint Ratio 0.11 1.23

Arbella or Ameriprise: Insurance Products Offered

What coverage is available through Arbella and Ameriprise? Both insurance companies offer Auto, Home, Motorcycle, Renters, and Umbrella Insurance. Additional products from Ameriprise insurance also includes Commercial, Condo, Health, Life, and RV insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Arbella Insurance Group and Ameriprise Group Insurance page.

Insurance Arbella Ameriprise
Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Arbella or Ameriprise: Ways To Save

Ameriprise offers a wide range of discounts to its policyholders, including Claims Free, Defensive Driver, and Education discounts. Arbella also offers a few discounts that Ameriprise doesn’t including Student Away at College, Residence Safety Package, and Rental Property Account Credit discounts. Start taking advantage of discounts offered by insurance providers like Ameriprise and Arbella insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Arbella Ameriprise
Account Credit Discount Age of Home Discount
Advanced Driver Training Discount Claims Free Discount
Annual Mileage Discount Defensive Driver Discount
Anti-theft Devices Discount Education Discount
Auto Loyalty Discount Garaging Discount
Auto Rewards Discount Good Driver Discount
Deployment/Active Military Duty Discount Multi-car Discount
Driver Simulator Training Discount Multi-product Discount
Energy-Saving Hybrids or Electrics Discount Premier Safety Discount
Experienced Motorcycle Operator Discount Protective Devices Discount
Good Student Discount Renovation Discount
MAHA Workshops Savings Discount Student Away Discount
Mass Save Discount Tenure Discount
Motorcycle Training Discount Vehicle Safety Features Discount
Multi-car Family Discount
Multi-car Individual/Spouse Discount
Multi-vehicle Discount
New Business Discount
New Home Credit
Premium in Full Discount
Protective Devices Discount
Renew and Save Discount
Rental Property Account Credit
Residence Safety Package
Student Away at College Discount

Pros & Cons of Arbella & Ameriprise

Pros

Arbella
  • Arbella has an excellent record of very few complaints from consumers.
Ameriprise
  • A very financially sound company.
  • One of the largest networks of agents.
  • Offers auto insurance through Costco

Cons

Arbella
  • Arbella only offers insurance to Massachusetts and Connecticut residents.
Ameriprise
  • The complaint ratio for Ameriprise is higher than the national average. Since 2015, however, it has steadily decreased

Arbella vs. Ameriprise Mobile Apps Options

Arbella offers an app called Wheel Focused™ on iTunes and Google Play is available to download, regardless of what carrier you may have. The app is designed to improve driving behaviors through real-time feedback.

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

Arbella & Ameriprise Contact Info

Arbella Contact Info
Address 1100 Crown Colony Drive, P.O. Box 699103, Quincy, MA 02269-9103
Phone 1-800-ARBELLA
Website https://www.arbella.com/
Facebook https://www.facebook.com/arbellainsurance/
Youtube https://www.youtube.com/user/ArbellaInsurance
Twitter https://twitter.com/ArbellaIns
Linkedin https://www.linkedin.com/company/arbella-insurance-group/
Ameriprise Contact Info
Address 70100 Ameriprise Financial Center, Minneapolis, MN 55474
Phone 1-800.862.7919
Website https://www.ameriprise.com/
Facebook https://www.facebook.com/AmeripriseAutoHome/
Youtube https://www.youtube.com/user/Ameriprise
Twitter https://twitter.com/AmeripriseAH
LinkedIn https://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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