RiverSource Insurance Review & Ratings (2023)
This RiverSource Insurance Review will cover RiverSource Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. The RiverSource Insurance A.M. Best rating is A+, and the 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: Mar 2, 2023
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Car insurance is a necessity for all drivers, but choosing the right provider can be a daunting task. RiverSource Insurance is one company that offers car insurance along with a range of other insurance and financial products.
- Offers a range of insurance and financial products, including car insurance
- Provides customizable coverage options to suit individual needs
- Discounts are available for safe driving, multiple policies, and good grades
In this review, we’ll take a closer look at the company’s history, mission, products, and services, as well as its customer reviews and discounts.
History and Mission of RiverSource Insurance
RiverSource Insurance is a subsidiary of Ameriprise Financial, a financial services company that was founded in 1894. Ameriprise Financial was originally called Investors Syndicate and was founded by John Tappan, who believed that everyone should have access to financial planning services.
The company changed its name to American Express Financial Advisors in 1984 and then became an independent company in 2005 when it was spun off from American Express. In 2006, American Express Financial Advisors changed its name to Ameriprise Financial.
The company believes that everyone should have access to financial planning and strives to make its services accessible and affordable for all.
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Products and Services Offered by RiverSource Insurance
RiverSource Insurance is a subsidiary of Ameriprise Financial and offers a range of insurance and financial products to its customers. In terms of insurance, RiverSource Insurance offers:
- Car insurance: RiverSource Insurance provides customizable coverage options for car insurance, including liability, collision, and comprehensive coverage. Customers can choose the level of coverage that best suits their needs and budget.
- Home insurance: RiverSource Insurance offers home insurance, which provides coverage for damage to a customer’s home, and personal belongings, and liability for injuries or property damage to others.
- Life insurance: RiverSource Insurance offers life insurance, which provides financial support to a customer’s loved ones in the event of their death.
- Health insurance: RiverSource Insurance offers health insurance, which provides coverage for medical expenses, prescription drugs, and other healthcare services.
In addition to insurance products, Ameriprise Financial offers a range of financial services, including:
- Financial planning: Ameriprise Financial offers financial planning services to help customers plan for their future, including retirement planning, estate planning, and investment planning.
- Investment management: Ameriprise Financial offers investment management services to help customers grow and manage their wealth.
- Banking: Ameriprise Financial offers banking services, including checking and savings accounts, credit cards, and loans.
The cost of RiverSource Insurance’s products and services varies depending on the coverage selected and the state in which the customer lives.
RiverSource Insurance provides customizable coverage options to suit individual needs, and customers can work with a representative to choose the best coverage options for them.
Cost of Coverage With RiverSource Insurance
The cost of insurance from RiverSource Insurance will vary depending on some factors, including the type of coverage selected, the level of coverage, the customer’s age, driving history, and location.
In addition, different states have different insurance requirements and regulations, which can impact the cost of insurance.
RiverSource Insurance provides customizable coverage options for car insurance, home insurance, life insurance, and health insurance. Customers can work with a representative to choose the coverage options that best meet their needs and budget.
To get an accurate idea of the cost of insurance from RiverSource Insurance, it’s recommended to request a quote. Customers can request a quote online or by speaking with a representative over the phone.
By providing information about their coverage needs, driving history, and other factors, customers can get personalized quote that reflects their specific circumstances.
Discounts Available at RiverSource Insurance
RiverSource Insurance offers a range of discounts to its customers to help make insurance more affordable. Here are some of the available discounts:
- Multi-policy discount: Customers who have multiple insurance policies with RiverSource Insurance can qualify for a discount. For example, customers who have both car insurance and home insurance with RiverSource Insurance may qualify for a multi-policy discount.
- Safe driver discount: Customers who have a clean driving record may qualify for a safe driver discount. This discount rewards customers for safe driving habits, such as avoiding accidents and traffic violations.
- Good student discount: Customers who are students and maintain good grades may qualify for a good student discount. This discount recognizes the hard work of students and encourages them to maintain good grades.
- Homeowner discount: Customers who own their home may qualify for a discount on their insurance premiums. This discount reflects the fact that homeowners tend to be more responsible and less risky than renters.
- Anti-theft device discount: Customers who have anti-theft devices installed in their car may qualify for a discount. This discount encourages customers to take steps to prevent theft and protect their vehicles.
It’s important to note that not all discounts are available in all states or for all types of insurance. Additionally, the amount of the discount may vary depending on the customer’s circumstances.
To find out which discounts are available and how much they could save, customers can speak with a representative or request a quote online.
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States That Offer RiverSource Insurance
RiverSource Insurance is available in all 50 states in the United States. This means that customers across the country can take advantage of the company’s customizable insurance coverage options, discounts, and other services.
However, it’s worth noting that different states have different insurance requirements and regulations, which can impact the cost and availability of insurance coverage.
For example, some states require drivers to have certain types and levels of car insurance, while others have different requirements for home insurance or life insurance.
Overall, RiverSource Insurance is available to customers in all 50 states, providing a wide range of insurance options and services to meet the unique needs of customers across the country.
Customer Reviews for RiverSource Insurance
Customer reviews of RiverSource Insurance are generally positive, with many customers praising the company for its customer service, competitive pricing, and customizable coverage options. Here is a summary of some common themes in customer reviews:
- Customer service: Many customers appreciate the quality of customer service provided by RiverSource Insurance representatives. Reviewers have praised the company’s representatives for their responsiveness, knowledge, and helpfulness in addressing customer questions and concerns.
- Competitive pricing: Customers also appreciate the company’s pricing, with many reviewers noting that RiverSource Insurance offers competitive rates for their insurance coverage. Customers feel that the cost of insurance from RiverSource Insurance is reasonable and in line with their budget.
- Customizable coverage: Several customers have also commented on the customizable coverage options provided by RiverSource Insurance. Customers appreciate being able to tailor their insurance coverage to their specific needs and budget, rather than being forced to choose from a limited set of options.
- Claims process: A few customers have mentioned issues with the claims process, noting that it can be slow or difficult to navigate. However, these negative reviews are relatively rare, and many customers have had positive experiences with the claims process as well.
Overall, customer reviews suggest that RiverSource Insurance provides quality insurance products and services at competitive prices, with a focus on customer service and customizable coverage options.
While there may be some issues with the claims process, many customers have had positive experiences with the company and would recommend it to others.
Roundup: RiverSource Insurance
In conclusion, RiverSource Insurance is a reputable insurance company that offers a wide range of insurance products and services to customers across the United States.
With a long history of providing quality insurance coverage, the company is committed to meeting the unique needs of its customers, offering customizable coverage options, competitive pricing, and a range of discounts to help make insurance more affordable.
Overall, if you’re looking for a reliable insurance company that offers a variety of coverage options and excellent customer service, RiverSource Insurance is definitely worth considering.
To learn more about the company’s insurance options and pricing, customers can visit the company’s website or speak with a representative to get a personalized quote.