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State Farm customers are getting a historic $5B payout: Here’s who qualifies
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State Farm Mutual Automobile Insurance recently began distributing a record $5 billion dividend to qualifying auto insurance customers, marking the largest payout of its kind in the company's more than 100-year history.
State Farm customers could get money back
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State Farm paying out $5 billion dividend. See who's eligible
State Farm Mutual Automobile Insurance announced last month that it had begun issuing payments of a $5 billion dividend to qualifying customers – the largest in the company's 100-plus-year history.
State Farm announced the dividend payouts in February. Policyholder dividends are returns of policyholder premiums, or payments, according to the International Risk Management Institute. These dividends result from income in excess of losses and expenses.
State Farm did not clarify when payments would conclude. USA TODAY reached out to the company for more information on Aug. 18.
The payments will average about $100 per vehicle, varying by state and premiums paid, State Farm said in a February news release.
For more detailed information, explore updates concerning State Farm customers.
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