Pure Companies vs. Ameriprise Insurance

Which insurance carrier is right for you? Compare savings, products, and quotes from Pure Companies and Ameriprise.

Compare Car Insurance Rates in Your Area

Pure Companies vs. Ameriprise: What You Need to Know

PURE insurance focuses on high net-worth individuals to create specialized insurance solutions. Policies are broad and flexible and tailored to individual needs. CEO Ross Buchmueller has a career that spans more than 30 years of focus on specialized property and casualty needs of high net-worth individuals and families. He was at Chubb Group for more than a decade and founded AIG’s Private Client Group, serving as its president for more than six years. In 2006, he and colleagues Martin Hartley and Jeffrey Paraschac set out to create an insurance company with a reduced conflict between shareholders and policyholders while providing exceptional coverage, service, and savings. The holding company for the PURE Group of Insurance Companies is called Privilege Underwriters. PURE stands for Privilege Underwriters Reciprocal Exchange. Pure insurance recapitalized equity investments from funds managed by Stone Point Capital, KKR and the management team in 2015. Tokio Marine Holdings Inc. bought Privilege Underwriters Inc and PURE Group for $3.1 billion in October 2019. The acquisition closed the first quarter of 2020. The company is expended to expand and diversify its international business. PURE has a 96% member retention rate and an industry-leading Net Promoter Score. The company has been growing rapidly and has a premium volume in excess of $400 million.

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 Pure Companies Grp Overview and Ameriprise Group Overview.

Pure Companies Grp vs. Ameriprise Group: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Pure Companies Grp and Ameriprise Group. On average, Pure Companies Grp charges approximately $189.32 per month while Ameriprise Group comes in at around $109.67 per month. For Pure Companies Grp, the cheapest state average is Massachusetts at $189.42 per month and the most expensive is Massachusetts at $189.42 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.

Pure Companies Grp

Average Rate

$189.32
Ameriprise Group

Average Rate

$109.67
National

Average Rate

$120.83
State Pure Companies Grp Ameriprise Group
Arizona- $109.70
Massachusetts $189.42 -

Pure Companies Grp 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 Pure Companies Grp and Ameriprise Group typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Pure Companies Grp Ameriprise Group
1 Vehicle $181.39 $101.86
2 Vehicles $236.70 $135.61

Pure Companies Grp 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 Pure Companies Grp charges $168.79 per month and Ameriprise Group charges $107.10 per month for customers who own their home.

Own/Rent Pure Companies Grp Ameriprise Group
Own $168.79 $107.10
Rent $194.92 $111.18

What is Pure Companies and Ameriprise Insurance Rating?

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

ComparisonPure CompaniesAmeriprise
Year Founded20061894
A.M. Best RatingAA
BBB RatingA+
Financial StrengthExcellentExcellent
JD Power RankingBetter Than Most
MoodysA3
NAIC Complaint Ratio1.23

Pure Companies or Ameriprise: Insurance Products Offered

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

InsurancePure CompaniesAmeriprise
Auto Insurance
Commercial Insurance
Condo Insurance
Health Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Pure Companies or Ameriprise: Ways To Save

Pure Companies offers a wide range of discounts to its policyholders, including Central Burglar/Fire Alarm, Clean Loss History, and Gated Community discounts. In contrast, Ameriprise also offers a few discounts that Pure Companies doesn’t, including Vehicle Safety Features, Tenure, and Student Away discounts. Start taking advantage of discounts offered by insurance providers like Ameriprise and Pure Companies insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Pure CompaniesAmeriprise
5% Discount on Homeowners with Flood PolicyAge of Home Discount
Central Burglar/Fire Alarm DiscountClaims Free Discount
Clean Loss History DiscountDefensive Driver Discount
Gated Community DiscountEducation Discount
Impact-resistant Windows and Roofing DiscountGaraging Discount
Jewelry Appraisal DiscountGood Driver Discount
More Cars Than Drivers DiscountMulti-car Discount
Multiple Policy DiscountsMulti-product Discount
Seasonal Use DiscountPremier Safety Discount
Storage DiscountProtective Devices Discount
Renovation Discount
Student Away Discount
Tenure Discount
Vehicle Safety Features Discount

Pros & Cons of Pure Companies & Ameriprise

Pros

Pure Companies
  • PURE is the top choice for affluent and high net-worth individuals and families.
  • Boasts financial strength.
  • Offers concierge services that make everything easy to do.
Ameriprise
  • A very financially sound company.
  • One of the largest networks of agents.
  • Offers auto insurance through Costco

Cons

Pure Companies
  • PURE only covers New York, New Jersey, Connecticut, Rhode Island, Texas, South Carolina, Maryland, Washington D.C., Georgia, Alabama, Mississippi, North Carolina, Massachusetts, South Dakota, Arizona, and Oklahoma.
Ameriprise
  • The complaint ratio for Ameriprise is higher than the national average. Since 2015, however, it has steadily decreased

Pure Companies or Ameriprise Mobile Apps Options

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

Pure Companies Mobile App
Pure Companies does not currently have a mobile app.
Ameriprise Mobile App
Ameriprise does not currently have a mobile app.

Pure Companies & Ameriprise Contact Info

Pure Companies Contact Info
AddressPO Box 480, Elmsford, NY 10523
Phone1 (888) 813-7873
Websitehttps://www.pureinsurance.com/
Facebookhttps://www.facebook.com/PUREinsuranceUS/
Youtubehttps://www.youtube.com/user/puremktg/
Twitterhttps://twitter.com/PUREinsurance
Linkedinhttps://www.linkedin.com/company/pure-group-of-insurance-companies/
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.

Compare Insurance Rates for Free.

Enter your zip code, answer a few questions, and compare rates in less than 3 minutes.