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Meemic vs. Ameriprise Insurance
Which insurance company is right for you? Compare price, savings, and quotes from Meemic and Ameriprise.
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- MEEMIC Insurance Company vs Ameriprise Group
Meemic vs. Ameriprise: What You Need to Know
A small group of teachers formed Meemic in 1950. They aimed to provide other teachers and educators with quality protection at affordable rates. For almost 70 years, they’ve been providing auto, home, boat and personal umbrella insurance tailored to the needs of the educational community. A.M. Best has rated Meemic as financially strong, based on the financial strength and claims-paying ability. The Meemic Foundation for the Future of Education was established in 1992 to provide financial assistance to schools, teachers, and educators, in the form of grants. Meemic partners with AAA to offer insurance products to teachers and educators in Illinois, Michigan, Wisconsin, and Georgia.
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 2005, Ameriprise Financial became an independent, publicly owned company and Ameriprise Financial renamed American Express Property Casualty Insurance companies 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 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 MEEMIC Insurance Company Overview and Ameriprise Group Overview.
MEEMIC Insurance Company vs. Ameriprise Group: How much are the Average Rates?
Below is a list of the average rates that drivers typically pay with MEEMIC Insurance Company and Ameriprise Group. On average, MEEMIC Insurance Company charges approximately $165.49 per month while Ameriprise Group comes in at around $ per month. For MEEMIC Insurance Company, the cheapest state average is Michigan at $165.52 per month and the most expensive is Michigan at $165.52 per month. For Ameriprise Group, the cheapest state average is at $0.00 per month and the most expensive is at $0.00 per month.
Average Rate
Average Rate
Average Rate
| State | MEEMIC Insurance Company | Ameriprise Group |
|---|---|---|
| Michigan | $165.52 | - |
MEEMIC Insurance Company vs. Ameriprise Group: Rates by Number of Vehicle
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that MEEMIC Insurance Company and Ameriprise Group typically charge for drivers who have more than 1 vehicle.
| Number of Vehicles | MEEMIC Insurance Company | Ameriprise Group |
|---|---|---|
| 1 Vehicle | $157.87 | $ |
| 2 Vehicles | $292.56 | $ |
MEEMIC Insurance Company vs. Ameriprise Group: Rates by Homeownership
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average MEEMIC Insurance Company charges $168.98 per month and Ameriprise Group charges $ per month for customers who own their home.
| Own/Rent | MEEMIC Insurance Company | Ameriprise Group |
|---|---|---|
| Own | $168.98 | $ |
| Rent | $164.46 | $ |
What is Meemic and Ameriprise Insurance Rating?
Which car insurance company is better? We've made it easy to compare companies side by side. See how Meemic and Ameriprise ranked among the industry ratings.
| Comparison | Meemic | Ameriprise |
|---|---|---|
| Year Founded | 1950 | 1894 |
| A.M Best Rating | A- | A |
| BBB Rating | B- | |
| Financial Strength | Excellent | Excellent |
| JD Power Ranking | Better Than Most | |
| Moodys | A3 | |
| NAIC Complaint Ratio | 1.23 |
Meemic or Ameriprise: Insurance Products Offered
What coverage is available through Meemic and Ameriprise? Both insurance companies offer Auto, Condo, Home, Life, Motorcycle, Renters, RV, and Umbrella insurance. Additional products from Ameriprise insurance also include Health insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit MEEMIC Insurance Company and Ameriprise Group Insurance page.
| Insurance | Meemic | Ameriprise |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Condo Insurance | ✔ | ✔ |
| Health Insurance | ✔ | |
| Home Insurance | ✔ | ✔ |
| Life Insurance | ✔ | ✔ |
| Motorcycle Insurance | ✔ | ✔ |
| Renters Insurance | ✔ | ✔ |
| RV Insurance | ✔ | ✔ |
| Umbrella Insurance | ✔ | ✔ |
Meemic or Ameriprise: Ways To Save
Meemic offers a wide range of discounts to its policyholders, including Newly Certified Teacher, Paid-in-Full, and The Educated Choice Repair Program discounts. In contrast, Ameriprise also offers a few discounts that Meemic doesn’t, including Vehicle Safety Features, Tenure, and Student Away discounts. Start taking advantage of discounts offered by insurance providers like Ameriprise and Meemic insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
| Meemic | Ameriprise |
|---|---|
| Multi-policy Discount | Age of Home Discount |
| Newly Certified Teacher Discount | Claims Free Discount |
| Paid-in-Full Discount | Defensive Driver Discount |
| The Educated Choice Repair Program | Education Discount |
| Vehicle Anti-theft Discount | Garaging Discount |
| Good 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 Meemic & Ameriprise
Pros
Meemic
- Offers discounted rates for teachers.
- Offers industry-specific coverage.
- Quality repairs using original manufacturer parts.
Ameriprise
- A very financially sound company.
- One of the largest networks of agents.
- Offers auto insurance through Costco
Cons
Meemic
- Insurance through Meemic is only offered in four states: Michigan, Illinois, Wisconsin, and Georgia.
Ameriprise
- The complaint ratio for Ameriprise is higher than the national average. Since 2015, however, it has steadily decreased
Meemic or Ameriprise Mobile Apps Options
The only app available for Ameriprise is for financial services and financial planning, not for home and auto.
| Meemic Mobile App | ||
|---|---|---|
| Meemic does not currently have a mobile app. | ||
| Ameriprise Mobile App | ||
|---|---|---|
| Ameriprise does not currently have a mobile app. | ||
Meemic & Ameriprise Contact Info
| Meemic Contact Info | |
|---|---|
| Address | 1685 N. Opdyke Rd. Auburn Hills, MI 48326 |
| Phone | 1-888-463-3642 |
| Website | https://www.meemic.com/ |
| https://www.facebook.com/Meemic/ | |
| Youtube | https://www.youtube.com/channel/UCQnTMFg_hBizrzlZc0aQKMw |
| https://twitter.com/Meemic | |
| https://www.linkedin.com/company/meemic-insurance-company/ | |
| Ameriprise Contact Info | |
|---|---|
| Address | 70100 Ameriprise Financial Center, Minneapolis, MN 55474 |
| Phone | 1-800.862.7919 |
| Website | https://www.ameriprise.com/ |
| https://www.facebook.com/AmeripriseAutoHome/ | |
| Youtube | https://www.youtube.com/user/Ameriprise |
| https://twitter.com/AmeripriseAH | |
| 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.
Fran Majidi manages content on SmartFinancial's website. She's had nearly a decade's worth of experience writing about insurance-related topics. Prior, she was an arts and entertainment editor in New York City. She has a B.A. from Barnard College and an M.F.A. in writing from The New School. She writes books under her given name, Afarin Majidi.
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