Ameriprise vs. The Hanover Car Insurance Comparison [2024]
In a comparison between Ameriprise vs. The Hanover Car Insurance companies, Ameriprise takes the lead. Both companies are A-rated by A.M. Best and the BBB, but Ameriprise's average annual auto insurance rate is more than $1,000 cheaper. Furthermore, both car insurance companies offer discounts, but the overall savings might not amount to much.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
UPDATED: Nov 24, 2024
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- Ameriprise and The Hanover both received “A” ratings from A.M. Best and the BBB
- Both auto insurance companies offer discounts, but they might not amount to much savings
- Ameriprise’s average annual car insurance rate is more than $1,000 cheaper than The Hanover car insurance’s average annual rate
Comparing car insurance companies can be difficult due to how many of the best car insurance companies are on the market. To make things easier, this article will focus on Ameriprise vs. The Hanover.
This Ameriprise vs. The Hanover car insurance comparison will cover average annual car insurance rates, discounts and ratings.
Before we start comparing Ameriprise vs. The Hanover car insurance, type your ZIP code into the free tool above to find the most affordable quotes in your area.
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Does Ameriprise or The Hanover have better rates?
For most people, the best place to start when comparing car insurance rates between companies is to look at their prices. The table below illustrates monthly car insurance rates for liability car insurance coverage alone.
Average Monthly Liability-Only Auto Insurance Rates
| Company | Average Monthly Rates, Liability-Only |
|---|---|
 | $50 |
| Ameriprise | $110 |
 | $135 |
| MetLife | $69 |
 | $115 |
 | $40 |
 | $35 |
| The Hanover | $116 |
 | $45 |
When comparing Ameriprise vs. The Hanover car insurance quotes for liability-only coverage, The Hanover is $6 more per month, which doesn’t amount to huge annual savings.
However, when looking at the average annual rate of all car insurance packages provided by both companies, Ameriprise has better pricing annually.
Average Annual Car Insurance Rates
| Company | Average Annual Rates |
|---|---|
| Ameriprise | $1,387 |
| Amica | $1,071 |
| State Farm | $1,340 |
| Progressive | $1,365 |
| Esurance | $1,165 |
| Safeco | $1,655 |
| Safe Auto | $1,921 |
| The Hanover | $2,492 |
As you can see, The Hanover average annual car insurance rate is more than $1,000 per year than Ameriprise’s rate, making it a no-brainer if you’re trying to save annually on your car insurance.
The Hanover is more expensive in both liability-only insurance and has an extremely higher average annual car insurance rate, but like Ameriprise, it does offer other car insurance discounts to help you save.
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Does Ameriprise or The Hanover offer more discounts?
Now that you know what you can expect to pay monthly and annually when comparing Amariprise and The Hanover car insurance discount rates, let’s analyze the table below of major insurers’ car insurance discounts to help you save more.
Car Insurance Discounts Available by Company
| Discount Name | Allstate | American Family | Farmers | Geico | Liberty Mutual | Nationwide | Progressive | State Farm | Travelers | USAA |
|---|---|---|---|---|---|---|---|---|---|---|
| Adaptive Cruise Control | 10% | 8% | 5% | X | 5% | 8% | 7% | 10% | 9% | 15% |
| Adaptive Headlights | 5% | 5% | 3% | X | 5% | 6% | 4% | 7% | 5% | 8% |
| Anti-lock Brakes | 10% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | X | X |
| Anti-Theft | 10% | 15% | X | 23% | 20% | 25% | 5% | 15% | X | X |
| Claim Free | 35% | 5% | 5% | 26% | 8% | 10% | 7% | 15% | 23% | 12% |
| Continuous Coverage | X | 5% | 5% | X | 8% | 10% | 8% | 12% | 15% | 7% |
| Daytime Running Lights | 2% | X | 5% | 3% | 5% | 5% | 5% | 5% | X | X |
| Defensive Driver | 10% | 10% | 8% | 8% | 10% | 5% | 10% | 5% | 10% | 3% |
| Distant Student | 35% | 5% | 8% | 5% | 6% | 10% | 7% | 15% | 7% | X |
| Driver's Ed | 10% | 8% | 5% | 5% | 10% | 7% | 10% | 15% | 8% | 3% |
| Driving Device/App | 20% | 40% | 15% | 5% | 30% | 40% | 20% | 50% | 30% | 5% |
| Early Signing | 10% | 5% | 5% | 5% | 6% | 8% | 5% | 5% | 10% | 12% |
| Electronic Stability Control | 2% | 5% | 3% | 5% | 5% | 8% | 5% | 7% | 8% | 8% |
| Emergency Deployment | 15% | 8% | 5% | 25% | 8% | 10% | X | 7% | 9% | 6% |
| Engaged Couple | 5% | 5% | 3% | 5% | 5% | 5% | 5% | 4% | 5% | 6% |
| Family Legacy | 7% | 5% | 3% | 8% | 6% | 8% | 10% | 6% | 7% | 10% |
| Family Plan | 5% | 7% | 8% | 10% | 8% | 25% | 7% | 7% | 8% | 8% |
| Farm Vehicle | 10% | 5% | 3% | X | 7% | 8% | X | 5% | 9% | 8% |
| Fast 5 | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Federal Employee | 6% | 8% | 6% | 12% | 10% | 5% | 6% | 6% | 7% | 5% |
| Forward Collision Warning | 8% | 5% | 5% | 5% | 5% | 5% | 8% | 6% | 7% | 5% |
| Full Payment | 10% | 5% | 5% | 5% | 5% | 8% | 5% | 6% | 8% | 5% |
| Further Education | 3% | 5% | 5% | X | 5% | 5% | 5% | 4% | 5% | 5% |
| Garaging/Storing | 5% | 5% | 5% | X | 8% | 5% | 5% | 7% | X | 10% |
| Good Credit | 7% | 7% | 8% | 8% | 5% | 7% | 7% | 7% | 8% | 7% |
| Good Student | 20% | 8% | X | 15% | 23% | 10% | 5% | 25% | 8% | 3% |
| Green Vehicle | 10% | 5% | 5% | 5% | 10% | 7% | 8% | 10% | 10% | 7% |
| Homeowner | 5% | 8% | 5% | 6% | 5% | 5% | 5% | 3% | 5% | 5% |
| Lane Departure Warning | 5% | 5% | 5% | 5% | X | 5% | 5% | 5% | 5% | 5% |
| Life Insurance | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Low Mileage | X | 5% | X | 5% | X | X | 5% | 30% | X | X |
| Loyalty | 7% | 8% | 6% | 5% | 8% | 5% | 8% | 6% | 9% | X |
| Married | 5% | 5% | 5% | 5% | 6% | 5% | 5% | 5% | 5% | 6% |
| Membership/Group | 5% | 5% | 5% | 7% | 10% | 7% | 6% | 8% | 7% | 5% |
| Military | X | 5% | 5% | 15% | 4% | 5% | X | X | 5% | X |
| Military Garaging | 10% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 15% |
| Multiple Drivers | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Multiple Policies | 10% | 29% | 5% | 10% | 20% | 10% | 12% | 17% | 13% | X |
| Multiple Vehicles | X | 5% | 5% | 25% | 10% | 20% | 10% | 20% | 8% | X |
| New Address | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| New Customer/New Plan | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| New Graduate | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| New Vehicle | 30% | 8% | 5% | 15% | 6% | 8% | X | 40% | 10% | 12% |
| Newly Licensed | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Newlyweds | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Non-Smoker/Non-Drinker | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Occasional Operator | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Occupation | 10% | 5% | 5% | 5% | 10% | 15% | 5% | 5% | 5% | 5% |
| On-Time Payments | 5% | 5% | X | 5% | 5% | 5% | 5% | 5% | 15% | 5% |
| Online Shopper | 5% | 5% | 5% | 5% | 5% | 5% | 7% | 5% | 5% | 5% |
| Paperless Documents | 10% | 5% | X | X | 5% | 5% | $50 | 5% | 5% | 5% |
| Paperless/Auto Billing | 5% | 5% | X | 5% | 5% | 30% | 50 | 20% | 3% | 3% |
| Passive Restraint | 30% | 30% | X | 40% | X | 20% | 5% | 40% | X | X |
| Recent Retirees | 5% | 5% | 5% | 5% | 4% | 5% | 5% | 5% | 5% | 5% |
| Renter | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Roadside Assistance | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Safe Driver | 45% | 8% | X | 15% | 8% | 35% | 31% | 15% | 23% | 12% |
| Seat Belt Use | 5% | 5% | 5% | 15% | 5% | 5% | X | 5% | 5% | 5% |
| Senior Driver | 10% | 5% | 6% | 5% | 6% | 8% | 7% | 5% | 5% | 7% |
| Stable Residence | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Students & Alumni | 5% | 5% | 5% | X | 10% | 7% | X | 5% | 5% | 5% |
| Switching Provider | 5% | X | X | 8% | 10% | 8% | X | 8% | 8% | 10% |
| Utility Vehicle | 15% | 5% | 5% | X | 6% | 7% | X | 8% | 9% | 5% |
| Vehicle Recovery | 10% | 5% | 5% | 15% | 35% | 25% | 5% | 5% | X | X |
| VIN Etching | 5% | 5% | 5% | 5% | 5% | X | 5% | 5% | X | X |
| Volunteer | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Young Driver | 15% | 5% | 8% | 8% | 8% | 6% | 7% | 8% | 8% | 50% |
Read more: Ameriprise vs. USAA Car Insurance Comparison
As the table indicates, The Hanover offers 5% car insurance discounts in such categories as anti-lock brakes discounts, anti-theft discounts, daytime running lights discounts, and passive restraint discounts.
Ameriprise offers 3% discounts for anti-lock brakes, anti-theft, passive restraint, and a 5% discount for vehicle recovery. But the company doesn’t specify how much they will discount for daytime running lights.
It would be a good idea to create an Ameriprise auto insurance login to check the company’s most up-to-date discounts.
Ameriprise vs. The Hanover: Which company is more well-reviewed?
To conclude, let’s have a look at the ratings given to these two car insurance providers by A.M. Best and the BBB.
Financial Strength Ratings indicate how a car insurance company can meet its financial obligations based upon its rating, which can be an important factor in building a strong customer base.
Ameriprise received an “A+” (Superior) rating from A.M. Best, which is the highest of seven rating tiers. It received an “A-” rating from the BBB and isn’t BBB accredited.
The Hanover received an “A+” rating from A.M. Best as well and scored higher with an “A+” rating from the BBB, and it is BBB accredited.
In short, The Hanover may rank higher in ratings, but Ameriprise takes the lead with more discounts and a much cheaper average annual car insurance rate.
To find out more about Ameriprise vs. The Hanover Car Insurance comparisons and other major car insurers, learn more about the best auto insurance companies.
Hopefully, you know more about Ameriprise and The Hanover after this review. Before you go, type your ZIP code into our free and helpful tool below for quotes in your area.
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Frequently Asked Questions
Which car insurance company has better rates, Ameriprise or The Hanover?
Ameriprise has better rates compared to The Hanover. Ameriprise offers average annual car insurance rates that are more than $1,000 cheaper than The Hanover.
Do Ameriprise and The Hanover offer discounts?
Both companies offer discounts, but The Hanover offers a slightly wider range of discounts, including anti-lock brakes, anti-theft, daytime running lights, and passive restraint discounts. Ameriprise also provides discounts for anti-lock brakes, anti-theft, passive restraint, and vehicle recovery.
How are Ameriprise and The Hanover rated by A.M. Best and the BBB?
Ameriprise has an “A+” rating from A.M. Best and an “A-” rating from the BBB (not BBB accredited). The Hanover also has an “A+” rating from A.M. Best and a higher “A+” rating from the BBB (BBB accredited).
Which company has better overall customer reviews?
Ameriprise has more discounts and significantly cheaper rates, making it a more attractive option for customers.
How can I compare quotes from Ameriprise and The Hanover?
You can enter your ZIP code into a free quote tool to compare quotes from both companies and other top car insurance companies in your area.