IDS RiverSource Insurance Review & Ratings (2023)
This IDS RiverSource Insurance Review will cover IDS RiverSource Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. The IDS RiverSource Insurance A.M. Best rating is A, and the IDS RiverSource Insurance S&P Rating is AA-. To compare insurance rates from the best companies in your area, enter your ZIP code below.
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Written by
Chris Tepedino |
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Reviewed by
Laura Walker
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UPDATED: Feb 21, 2023
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An Overview: IDS RiverSource Insurance
Car insurance is a necessary expense for anyone who owns or operates a vehicle, and it can be challenging to find the right insurance provider that offers comprehensive coverage at an affordable price.
- IDS RiverSource Insurance is a subsidiary of Ameriprise Financial, Inc., and has been providing insurance products since 1894.
- The company offers comprehensive car insurance coverage that includes liability, collision, and comprehensive insurance.
- IDS RiverSource Insurance is available in 48 states in the United States, and the company has received high ratings from customers for its excellent customer service.
In this review, we will take a closer look at the company’s history, mission, products, services, cost, and discounts to help you determine if IDS RiverSource Insurance is the right insurance provider for your needs.
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History of IDS RiverSource Insurance
IDS RiverSource Insurance is a subsidiary of Ameriprise Financial, Inc., a leading financial services company that provides financial planning, investment management, and insurance products to customers worldwide.
The company’s history dates back to 1894 when it was founded as Investors Syndicate, a company that sold investment products through a network of independent agents.
In the early 1900s, Investors Syndicate began offering life insurance products to its customers and expanded its product offerings over the years to include annuities, disability income insurance, long-term care insurance, and property and casualty insurance.
In 1984, the company changed its name to IDS Financial Services to reflect its broader range of financial products and services.
In 2005, IDS Financial Services was acquired by American Express and later spun off as an independent company 2005. In 2007, the company changed its name to Ameriprise Financial, Inc. to reflect its focus on financial planning and advice.
Mission of IDS RiverSource Insurance
IDS RiverSource Insurance’s mission is to provide its customers with comprehensive and affordable insurance products that meet their needs.
The company’s focus on financial planning and advice is reflected in its insurance products, which are designed to help customers protect their assets and plan for their financial future.
IDS RiverSource Insurance’s commitment to customer service and satisfaction is reflected in its high ratings from customers and its reputation as a reliable insurance provider.
Coverage Options: IDS RiverSource Insurance
IDS RiverSource Insurance offers a range of insurance products to customers, including:
- Auto insurance: IDS RiverSource Insurance provides comprehensive coverage for cars, trucks, SUVs, and other vehicles. Customers can choose from a range of coverage options that best meet their needs, including liability insurance, collision insurance, comprehensive insurance, and uninsured/underinsured motorist coverage.
- Homeowners insurance: IDS RiverSource Insurance offers coverage for homeowners, renters, and condo owners. Customers can choose from a range of coverage options, including property damage coverage, liability coverage, and additional living expenses coverage.
- Life insurance: IDS RiverSource Insurance offers a range of life insurance products, including term life insurance, whole life insurance, and universal life insurance. Customers can choose from a range of coverage options and customize their policies to meet their needs.
- Annuities: IDS RiverSource Insurance offers a range of annuity products, including fixed annuities, variable annuities, and indexed annuities. Annuities provide a guaranteed income stream in retirement and can help customers plan for their financial future.
- Long-term care insurance: IDS RiverSource Insurance offers long-term care insurance to help customers pay for the cost of long-term care, such as nursing home care, home health care, and assisted living.
- Disability income insurance: IDS RiverSource Insurance provides disability income insurance to help customers replace lost income in the event of a disability.
IDS RiverSource Insurance’s insurance products are designed to provide comprehensive coverage and protect customers’ assets. Customers can choose from a range of coverage options and customize their policies to meet their needs and budget.
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Cost of Coverage With IDS RiverSource
The cost of insurance from IDS RiverSource Insurance will depend on a variety of factors, including the type of insurance product, coverage limits, deductibles, and the customer’s age, location, and driving record.
In general, IDS RiverSource Insurance strives to offer competitive pricing for its insurance products, and customers can expect to pay a fair market price for the coverage they receive.
However, it’s important to note that insurance premiums can vary widely from customer to customer based on the factors listed above.
To get an accurate quote for insurance from IDS RiverSource Insurance, customers can visit the company’s website or speak with a licensed agent.
By providing information about their driving record, location, and insurance needs, customers can receive a personalized quote and get a better idea of the cost of insurance from IDS RiverSource Insurance.
Discounts Offered at IDS RiverSource Insurance
IDS RiverSource Insurance offers a range of discounts to help customers save money on their insurance premiums.
Some of the available discounts include:
- Multi-policy discount: Customers who purchase multiple insurance products from IDS RiverSource Insurance, such as auto and home insurance, may qualify for a discount on their premiums.
- Safe driver discount: Customers who have a clean driving record and have not been involved in any accidents or traffic violations may qualify for a safe driver discount.
- Good student discount: Students who maintain a high GPA may be eligible for a discount on their auto insurance premiums.
- Anti-theft device discount: Customers who install anti-theft devices in their vehicles may qualify for a discount on their auto insurance premiums.
- Home safety discount: Homeowners who have installed safety features in their homes, such as smoke detectors or security systems, may qualify for a discount on their homeowners insurance premiums.
- Loyalty discount: Customers who have been with IDS RiverSource Insurance for a certain number of years may qualify for a loyalty discount on their insurance premiums.
- Group discount: Customers who are members of certain organizations or affinity groups may qualify for a discount on their insurance premiums.
It’s important to note that not all discounts are available in all states or for all customers, and the availability of discounts may vary depending on the type of insurance product.
Customers can speak with a licensed agent or visit the IDS RiverSource Insurance website to learn more about the discounts that are available and how they can qualify for them.
States Where IDS RiverSource Offers Coverage
IDS RiverSource Insurance offers insurance products in a limited number of states across the United States. The states where IDS RiverSource Insurance is currently licensed to do business include:
Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin
It’s important to note that the availability of insurance products and discounts may vary by state, and customers should consult with a licensed agent or visit the IDS RiverSource Insurance website to learn more about the specific insurance products and services that are available in their state.
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Customer Feedback for IDS RiverSource Insurance
IDS RiverSource Insurance has generally received positive customer reviews online. According to consumer review websites like Trustpilot, IDS RiverSource Insurance has an average rating of 4.5 out of 5 stars, based on customer reviews.
Here are some common themes that emerge from customer reviews of the company:
- Good customer service: Many customers have praised IDS RiverSource Insurance for its responsive and helpful customer service. Customers report that the company’s representatives are knowledgeable, friendly, and easy to work with.
- Competitive pricing: Several customers have noted that IDS RiverSource Insurance offers competitive pricing for its insurance products, particularly when compared to other insurance companies.
- Easy claims process: Many customers have had positive experiences with IDS RiverSource Insurance’s claims process. Customers report that the company makes it easy to file a claim and that their claims are processed quickly and efficiently.
- Customizable coverage: Customers appreciate the fact that IDS RiverSource Insurance allows them to customize their coverage to meet their specific needs. This allows customers to get the coverage they need without paying for coverage they don’t need.
While there are some negative reviews of IDS RiverSource Insurance online, the overall sentiment from customers is positive.
As with any insurance company, customers’ experiences may vary depending on a variety of factors, including their individual insurance needs, location, and driving history.
In Summary: IDS RiverSource Insurance
In conclusion, IDS RiverSource Insurance is a reputable insurance provider that offers a range of insurance products, including auto, home, and life insurance, to customers in select states across the United States.
The company has a long history of providing insurance products and services, and its mission is to help customers protect what matters most to them.
Overall, IDS RiverSource Insurance may be a good choice for customers who are looking for a reputable insurance provider that offers quality products and responsive customer service.
However, as with any insurance company, it is important for customers to carefully review their policy terms and conditions, as well as the company’s pricing and coverage options, to determine if it is the best fit for their individual insurance needs.