AI Generated Image
State Farm drivers to receive money as part of historic payouts
NBC Chicago • • business
Key Points:
- State Farm is issuing a one-time $5 billion cash-back dividend to eligible auto insurance customers due to stronger-than-expected underwriting performance, marking the company's largest dividend ever.
- Payments are being distributed in waves to more than 49 million insured vehicles, with amounts based on 4% to 10% of premiums paid for qualifying 2025 policies, averaging around $100 nationwide.
- Customers with a private passenger auto policy through State Farm Mutual during 2025 who qualify and have a payout of at least $10 will receive a dividend, with notifications sent via email or mail.
- Those with registered email addresses will get instructions to access the payment portal and choose their payment method, while others will receive a check by mail.
- The dividend payments are retrospective and will not impact future auto insurance rates.
