Automated fiber placement (AFP) cutter blade assemblies, AFP cutter systems including the same, and associated methods. An AFP cutter blade assembly includes a blade base and a reversible blade insert configured to be coupled to the blade base in either of a first cutter blade configuration, in which a first cutting edge is an active cutting edge, and a second cutter blade configuration, in which a second cutting edge is the active cutting edge. In examples, an AFP cutter system includes a plurality of AFP cutter blade assemblies in combination with an actuator assembly. In examples, a method of reconfiguring a reversible blade insert of an AFP cutter blade assembly includes uncoupling the reversible blade insert from a blade base, rotating the reversible blade insert relative to the blade base, and operatively coupling the reversible blade insert to the blade base in a different configuration.