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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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Written by Rachel Bodine
Feature Writer Rachel Bodine

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Sep 27, 2022

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: Sep 27, 2022

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.

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Written By: Rachel BodineReviewed By: Daniel WalkerUPDATED: Sep 27, 2022Fact Checked
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autoinsurance.org

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IDS Property Casualty Insurance

Average annual rate for good drivers:

N/A

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
  • 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.

Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

Full Bio →

Written by Rachel Bodine
Feature Writer Rachel Bodine

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

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