IDS Auto Insurance Review (2024)

IDS's parent company, Ameriprise, offers a variety of insurance products. Find coverage fast and save up to 20% when you compare quotes online.

UPDATED: May 4, 2024Fact Checked

Mathew B. Sims

Editor-in-Chief

Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

Editor-in-Chief

Kristen Gryglik

Licensed Insurance Agent

Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...

Licensed Insurance Agent

UPDATED: May 4, 2024

Advertiser Disclosure

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: May 4, 2024

Advertiser Disclosure

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.

UPDATED: May 4, 2024Fact Checked

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IDS Property Casualty Insurance

Average monthly rate for good drivers:

$74

A.M. Best rating:

A

Complaint level:

Low

Pros

  • According to Dun & Bradstreet, the parent company employs about 10,472 people and is considered a low-risk vendor
  • IDS Financial Services, wealth management and financial advice

Cons

  • None to mention

Final Verdict: Review of IDS Property Casualty Insurance

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.

American Express formerly owned IDS Property Casualty Insurance. American Express, formerly IDS Life Insurance Company, was a retail broker and distribution company in the 1980s. Ameriprise is the current parent company of IDS.

[su_box title="Things to Remember..." style="default”]
  • IDS Property Casualty Insurance Company is a subsidiary of Ameriprise
  • Ameriprise offers types of car coverage, home, condo, and renter's policies
  • Ameriprise Bank provides loans and deposit products to security-minded folks
  • In 2010, revenues grew by 20 percent and re-established a positive financial trend
  • You can use the quote tool box on the Ameriprise website to compare costs for the types of coverage you need
[/su_box] 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.

What You Should Know About IDS

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.

Ameriprise Bank provides loans and deposit products to security-minded folks.

Ameriprise’s programs are distributed through a network of more 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.

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.

After acquisition, Ameriprise boasts $670 billion in AUM, assets under management.

Columbia Management’s acquisition offered a special kicker: Ameriprise may access Bank of America’s enormous customer base!

Columbia Management was merged with Ameriprise’s RiverSource Investments, an asset manager, also known as Threadneedle to European customers, to market and distribute Ameriprise’s coverage products.

The older IDS property and casualty insurance brand is a part of this product unit.

What Do IDS Auto and Ameriprise Financial Do?

Ameriprise Financial is divided into several key operating units:

  • Wealth management and financial advice
  • Annuities and protection (of which IDS is a party)
  • Asset management
  • Corporate operations

According to the company website, Ameriprise plans to expand asset management services to clients in Europe and Asia, especially in Taiwan and Japan, as it continues to deepen its relationships with clients in the Americas.

The company also announced a decision to sell its Securities America brand.

Because Ameriprise’s focus is on affluent customers or personal/business customers with a minimum of $100,000 in financial assets it is ideally positioned to market varieties of autocoverage and other property & casualty and liability products to a stable customer base.

What Financial Information Is Available About IDS Auto Insurance?

Ameriprise continued to grow throughout the global financial market downturn of 2008 through 2010, although the company’s revenues declined through the period.

In 2010, revenues grew by 20 percent and re-established a positive financial trend.

Here are some other statistics about this company:

  • According to Dun & Bradstreet, the parent company employs about 10,472 people and is considered a low-risk vendor.
  • As of fiscal year-end 2010, the company generated $9.98 billion in sales and grew sales year-to-year by about 27.82 percent.
  • The company’s net income was $1.10 billion.
  • Net income grew by an impressive 51.94 percent.

How Do You Get Auto Insurance Quotes from IDS Auto Insurance?

You can use the quote tool box on the IDS website. You simply enter the type of insurance you are seeking, and the state you live in.

Then you proceed through five pages of questions involving the policy holder, vehicle, drivers, and other details. The final page will give you your quote.

You can also call the company directly with any questions at 1 (888) 239-9953.

To use a free third party auto insurance quotes tool, without leaving this page, just put your zip code into the box now!

IDS Insurance Coverage Options

Ameriprise offers the following types of coverage:

  • Car
  • Home
  • Condo
  • Renter’s
  • Life
  • Umbrella

IDS Financial Services, Inc., was originally known as Investors Diversified Services, Inc. It was founded in 1894 as Investors Syndicate Development Corporation, or Investors Syndicate Life, later renamed IDS Financial Services. In 1984 IDS merged with American Express to form American Express Financial Corporation. Today, IDS Life Insurance Company, IDS Casualty Insurance, IDS Life Insurance Company of New York, and IDS Property Insurance are all under the Umbrella of Ameriprise.

What happened to IDS Financial Services? IDS Financial Services underwent several changes over the year. Today, they are part of Ameriprise Financial.

Ameriprise Financial’s website is now home to a variety of previous IDS services and information:

  • IDS Property Casualty Insurance Company Website
  • IDS Property Casualty Insurance Company Reviews
  • IDS Property Casualty Insurance Company Phone Number
  • IDS Property Casualty Insurance Company Claims
  • IDS Life Insurance Company Contact Number
  • IDS Auto Insurance
  • IDS Auto Insurance Claims

What you can find useful on the Ameriprise Auto Insurance website is:

  • Ameriprise car insurance reviews
  • Ameriprise Auto Insurance claims
  • Ameriprise Auto Insurance

Parent Ameriprise sells a range of insurance products, educational savings programs, retail brokerage, mutual funds, and annuities. The company helps investors start an investment program by delving into each client’s financial requirements and goals.

Ameriprise Financial helps serious clients get started with a financial plan.

Serving each client’s needs with the delivery of proprietary products and services, like Ameriprise does, delivers higher revenues.

 

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Frequently Asked Questions

What is IDS Auto Insurance?

IDS Auto Insurance is a type of insurance coverage offered by IDS (Insurance Direct Services) to protect your vehicle against various risks. It provides financial protection in case of accidents, theft, vandalism, and other covered events, while also offering additional benefits and features depending on the specific policy.

How can I get a quote for IDS Auto Insurance?

To get a quote for IDS Auto Insurance, you can visit their website or contact their customer service directly. Provide the necessary information, such as your personal details, vehicle information, driving history, and desired coverage limits. IDS will evaluate these details and provide you with a quote based on your specific circumstances.

Can I manage my IDS Auto Insurance policy online?

Yes, IDS provides an online portal or mobile app that allows you to manage your auto insurance policy conveniently. Through the online platform, you can view policy details, make payments, update your personal information, request policy changes, and access important documents. IDS Insurance Company provides a user-friendly interface to handle various aspects of your insurance policy at your convenience.

Can I customize my IDS Auto Insurance policy?

IDS Auto Insurance offers some customization options to tailor your coverage to your needs. You can typically adjust the coverage limits, and deductible amounts, and add optional coverages, such as rental reimbursement or roadside assistance. However, the specific customization options for IDS car insurance may depend on the regulations and offerings available in your state or region. It’s best to consult with an IDS representative or agent to understand the customization options for your specific policy.

Can I cancel my IDS Auto Insurance policy?

Yes, you have the option to cancel your IDS Auto Insurance policy. The process for cancellation may vary depending on the terms and conditions outlined in your policy and local regulations. Generally, you can initiate the cancellation by contacting IDS directly and informing them of your intent to cancel. IDS Insurance will guide you through the necessary steps, which may include providing written notice or completing a cancellation form. Keep in mind that there may be certain fees or penalties associated with canceling your policy before its expiration date.

Is IDS Life Insurance Company still in business?

No. American Express Company acquired IDS and established American Express Financial Advisors in 1984.

IDS Life Insurance Company used to be located in Minneapolis, Minnesota.

Does Ameriprise offer Insurance?

Yes, Ameriprise Auto Insurance offers those services. They also offer home insurance, life insurance, umbrella insurance, financial planning, and investment services.

Ameriprise home insurance reviews and Ameriprise auto insurance reviews will disclose that this company has a strong foundation and offerings for these services.

Is Ameriprise financially sound?

Ameriprise Insurance reviews show that they are generally considered financially sound. The insurance company has a strong reputation and stability in the industry. Check out the most recent financial reports and ratings from agencies.

How does Ameriprise Insurance rank?

For customer satisfaction, Ameriprise Auto Insurance reviews tell that the company often receives positive feedback for these services. They’ve even received a J.D. Power recognition for their customer service in auto insurance.

Ameriprise financial car insurance reviews reveal that they generally maintain a strong financial standing.

Ameriprise Auto Insurance ratings are also high in terms of the variety of services offered.

Overall, the Ameriprise insurance reviews disclose that it’s a reputable provider in the auto insurance industry and that Ameriprise Car Insurance is a good company.

 

Is Ameriprise FDIC insured?

Ameriprise Financial is not insured because it is not a bank.

Who owns IDS  Property Casualty Insurance Company?

IDS Property Casualty Insurance Company, located in De Pere, Wisconsin, is owned by Ameriprise Financial, Inc.

IDS Property Casualty Insurance Company, a subsidiary of Ameriprise, isn’t based in New Jersey but could offer services there.

Check out the Ameriprise contact details if you are looking for the IDS Property Casualty Insurance Claims phone number.

 

Why is auto insurance so expensive?

There are several reasons why your auto insurance may be high. For starters, factors such as age, driving record, location, type of vehicle, and credit score can make you a high-risk driver.

Comprehensive coverage is always going to be more expensive than Liability Insurance.

The state you are insured can affect the cost of your coverage. If you live in a state with high rates of accidents or uninsured drivers, you may have higher insurance rates.

What makes Ameriprise different from other companies?

Ameriprise Financial stands out as a company because of its holistic approach to financial planning, personalized services, diverse portfolio of services, strong reputation, and overall financial strength.

Ameriprise Insurance reviews touch on all of the above. While IDS car insurance, IDS Insurance Company claims, and IDS Property Insurance are no longer directly available to consumers, Ameriprise offers a lot of stability and options.

Mathew B. Sims

Editor-in-Chief

Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

Editor-in-Chief

Kristen Gryglik

Licensed Insurance Agent

Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...

Licensed Insurance Agent

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.

Compare Quotes from Top Companies and Save

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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