Ameriprise vs. The Hanover Car Insurance Comparison [2023]

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.

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Laura Berry

Former Licensed Insurance Producer

Laura Berry has experience as a licensed producer selling life, health, and property insurance coverage for both Allstate and State Farm. She has dedicated many hours to helping her clients understand the insurance marketplace so they could find the best car, home, and life insurance products for their circumstances. While she currently helps businesses take advantage of the federal R&D tax...

Former Licensed Insurance Producer

Joel Ohman

Founder & CFP®

Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

Founder & CFP®

UPDATED: Jun 22, 2023

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 car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above 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.

  • 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. 


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
CompanyAverage Monthly Rates, Liability-Only
American Family$50
Safe Auto$115
The General$35
The Hanover$116
The Hartford$45

Compare RatesStart Now →

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
CompanyAverage Annual Rates
State Farm$1,340
Safe Auto$1,921
The Hanover$2,492

Compare RatesStart Now →

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.

Free Car Insurance Comparison

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

secured lock Secured with SHA-256 Encryption

Does Ameriprise or The Hanvoer offer more discounts?

Now that you know what you can expect to pay monthly and annually when comparing Amariprise and The Hanover car insurance rates, let’s analyze the table below of major insurers’ car insurance discounts to help you save more.

Car Insurance Discounts Available by Company
CompaniesAdaptive HeadlightsAdaptive Cruise ControlAnti-lock BrakesAnti-TheftDaytime Running LightsElectronic Stability ControlForward Collision WarningGreen VehicleLane Departure WarningNewer VehiclePassive RestraintVIN EtchingVehicle Recovery
21st CenturyN/AN/AYesYesYesN/AN/AYesN/AYesYesN/AYes
American FamilyN/AN/AYesYesYesYesN/AN/AN/AN/A30%N/AYes
Country FinancialYesN/AYes10%YesYesYesN/AN/A10%YesN/AN/A
Liberty Mutual5%5%5%20%5%5%5%10%YesN/AYes5%35%
Safe AutoN/AN/A5%N/A5%N/AN/AN/AN/AYes5%YesYes
State FarmN/AN/A5%15%N/AN/AN/AN/AN/A40%40%N/A5%
The GeneralN/AN/A8%8%N/AN/AN/AN/AN/AN/A8%N/A8%
The HanoverN/AN/A5%5%5%N/AN/AN/AN/AN/A5%N/AYes
The Hartford3%N/A3%3%3%N/A3%3%N/A3%3%N/A3%

Compare RatesStart Now →

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.

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.

Free Car Insurance Comparison

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

secured lock Secured with SHA-256 Encryption