IDS Auto Insurance Review (2022)
IDS's parent company, Ameriprise, offers a variety of insurance products. Find coverage fast and save up to 20% when you compare quotes online.
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Written by
Rachel Bodine |
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Reviewed by
Daniel Walker
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UPDATED: Sep 27, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Sep 27, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
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IDS Property Casualty Insurance
Average annual rate for good drivers:
N/AA.M. Best rating:
AComplaint level:
LowPros
- According to Dun & Bradstreet, the parent company employs about 10,472 people and is considered a low-risk vendor
- Wealth management and financial advice
Cons
- None to mention
The Bottom Line
Ameriprise’s business has grown through acquisitions since the 1980s. The company purchased brokers Brecek & Young and J. & W. Seligman in 2008, at the outset of the global financial crisis.
Soon after, it purchased H&R Block Financial Advisors from parent company H&R Block, the tax preparation firm. With these acquisitions, Ameriprise created a new unit called Ameriprise Advisors.
As the financial crisis continued into 2010, it purchased Columbia Management, a mutual fund business at a cost of $1 billion from ailing Bank of America.
IDS Property Casualty Insurance, the focus of this IDS review, is a wholly-owned operating unit of Ameriprise Financial. Ameriprise has built a solid franchise selling financial advice, products, and services to affluent individual investors. IDS Property Casualty Insurance was formerly owned by American Express. American Express spun off IDS, a retail broker and distribution company in the 1980s.
Ameriprise Bank provides loans and deposit products to security-minded folks. Ameriprise’s programs are distributed through a network of greater than 11,400 financial advisors, some of these advisors are affiliates or franchisees. Most of Ameriprise’s products are distributed through financial adviser employees. Securities America, another broker-dealer owned by Ameriprise, also distributes coverage and financial services products for the company.
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IDS Coverage Options
Ameriprise offers the following types of coverage:
- car
- home
- condo
- renter’s
Ameriprise Financial is one of the country’s top providers of financial services products and services. IDS’ sister companies, including Columbia Management, offer individual investor programs.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
|
Written by
Rachel Bodine |
|
Reviewed by
Daniel Walker
|
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