State Farm is issuing an average refund of $100 per vehicle to its auto insurance customers in what the company says is the largest dividend in its history.
The insurer said Thursday that the refunds will go out to policyholders of 49 million vehicles this summer. The exact payment amount will vary based on where a customer lives and their individual premiums. All told, the refunds will amount to $5 billion total in cash flowing back into customers’ wallets, State Farm said in a statement.
State Farm customers with an auto insurance policy in force between Jan. 1, 2025, and Dec. 31, 2025 are eligible for a refund, a spokesperson told CBS News…