Ameriprise vs. The Hanover Car Insurance Comparison [2024]

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

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.

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

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.