State Farm, insurance dividends
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State Farm Mutual Automobile Insurance Company has announced a $5 billion policyholder dividend for its auto customers, marking the largest distribution in the company’s history. The move follows recent rate reductions that the carrier says are already delivering $4.6 billion in annual premium savings across multiple states.
The payments, to be made this summer, will average about $100 per vehicle for qualifying State Farm auto customers.
Lower crash frequency and repair costs fueled a banner year, and that performance is now translating into direct payouts for policyholders