State Farm, insurance dividends
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State Farm, the nation's largest auto insurer, is lowering insurance rates and issuing an average dividend of $100 per vehicle to policyholders.
The payments average $100 per vehicle, State Farm said in a statement. It’s the largest dividend in the company’s 103-year history.
State Farm’s $5 billion dividend payout will soon provide financial relief to millions of auto insurance policyholders, but receiving the funds depends on individual policy status and state-level regulatory approvals.