No, Ameriprise is not owned by Costco; Ameriprise is owned by American Family Insurance. Ameriprise Auto & Home Insurance was renamed to CONNECT insurance in 2020 and has been a fully-owned subsidiary of American Family since 2019.
While CONNECT isn’t owned by Costco, Costco does sell CONNECT auto insurance to members of its buying club. Drivers who purchase their auto insurance through Costco can be eligible for discounts and additional perks like roadside coverage.
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