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 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 $233.38 per month while Ameriprise Group comes in at around $109.67 per month. For MEEMIC Insurance Company, the cheapest state average is Michigan at $233.35 per month and the most expensive is Michigan at $233.35 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.

MEEMIC Insurance Company

Average Rate

$233.38
Ameriprise Group

Average Rate

$109.67
National

Average Rate

$120.11
State MEEMIC Insurance Company Ameriprise Group
Arizona- $109.70
Michigan $233.35 -

MEEMIC Insurance Company 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 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 $220.18 $101.86
2 Vehicles $289.49 $135.61
3 Vehicles $402.92 $

MEEMIC Insurance Company 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 MEEMIC Insurance Company charges $232.52 per month and Ameriprise Group charges $107.10 per month for customers who own their home.

Own/Rent MEEMIC Insurance Company Ameriprise Group
Own $232.52 $107.10
Rent $233.90 $111.18

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.

ComparisonMeemicAmeriprise
Year Founded19501894
A.M Best RatingA-A
BBB RatingB-
Financial StrengthExcellentExcellent
JD Power RankingBetter Than Most
MoodysA3
NAIC Complaint Ratio1.23

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.

InsuranceMeemicAmeriprise
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.

MeemicAmeriprise
Multi-policy DiscountAge of Home Discount
Newly Certified Teacher DiscountClaims Free Discount
Paid-in-Full DiscountDefensive Driver Discount
The Educated Choice Repair ProgramEducation Discount
Vehicle Anti-theft DiscountGaraging 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
Address1685 N. Opdyke Rd. Auburn Hills, MI 48326
Phone1-888-463-3642
Websitehttps://www.meemic.com/
Facebookhttps://www.facebook.com/Meemic/
Youtubehttps://www.youtube.com/channel/UCQnTMFg_hBizrzlZc0aQKMw
Twitterhttps://twitter.com/Meemic
Linkedinhttps://www.linkedin.com/company/meemic-insurance-company/
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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