What Is Ameriprise Employee Discount Auto Insurance?
Ameriprise Financial offers a partnership with SelectQuote, a reputable insurance provider, to give its employees discounted auto insurance rates. The program is designed to reward staff with lower premiums while maintaining comprehensive coverage options.
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Who Qualifies for the Discount?
Only active Ameriprise employees and certain immediate family members (spouse, domestic partner, children, and parents) are eligible. Employees must be in good standing and have a valid employee ID to access the discount portal.
Steps to Verify Eligibility
- Log in to the Ameriprise employee portal.
- Navigate to the "Benefits" section and select "Insurance Discounts."
- Enter your employee ID and confirm your employment status.
How to Apply for the Discounted Policy
Once eligibility is confirmed, employees can proceed with the application through SelectQuote's online platform. The process involves:
- Providing personal and vehicle information.
- Choosing coverage levels (liability, collision, comprehensive, etc.).
- Reviewing the quote and confirming the discount.
After submission, a policy binder is issued within 48 hours, and the first premium payment is due at the policy's effective date.
Typical Savings You Can Expect
While savings vary based on driving history, vehicle type, and coverage choices, employees often see a 5%–15% reduction on standard rates. Below is a comparison of typical premiums with and without the discount.
| Coverage Type | Standard Rate (USD) | Discounted Rate (USD) | Savings (USD) |
|---|---|---|---|
| Liability Only | $1,200 | $1,080 | $120 |
| Full Coverage | $2,400 | $2,160 | $240 |
Important Considerations
1. The discount applies only to the premium; deductibles and claim limits remain unchanged.
2. If an employee leaves Ameriprise, the discount is terminated, but the policy can be continued at the standard rate.
3. The program is subject to annual review; any changes will be communicated via the employee portal.
Common Questions Answered
- Can I use the discount if I live out of state? Yes, as long as the vehicle is registered in the U.S.
- Do I need to use SelectQuote exclusively? The discount is only available through SelectQuote's platform; other insurers are not eligible.
- What if I have a claim? The claim process is the same as with any standard policy; the discount does not affect claim handling.
How to Maximize Your Savings
Employees can further reduce premiums by:
- Maintaining a clean driving record.
- Choosing a higher deductible.
- Bundling auto insurance with other policies (home, renters) through SelectQuote.
Regularly review your policy annually to ensure you're still receiving the best rate.