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State Farm paying out $5 billion to auto customers
KCTV • • business
Key Points:
- State Farm Mutual Automobile Insurance Company is distributing a $5 billion cash-back dividend to millions of policyholders, reflecting its status as a mutual company owned by policyholders rather than stockholders.
- The payout will be divided among more than 49 million vehicles, with individual amounts calculated as 4% to 10% of the 2025 auto insurance premium, varying by state.
- Policyholders do not need to file a claim to receive the dividend but should watch for official notifications via email or mail and can also check their payout through the State Farm app or website.
- Recipients can choose to receive their dividend as a physical check or a digital payment, with the distribution process expected to take several months.
- State Farm assures that this cash-back dividend will not affect future insurance premium rates.
