Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny ...
Sources from CBS News, 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.
State Farm’s $5 billion dividend payout is set to provide relief to millions of auto insurance customers, but eligibility depends on policy status and state regulatory approval.
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Customers can expect an average $100 refund, depending on their home state and premiums.
Customers can expect to receive $100 refund on average, though State Farm says it will vary by state and by the amount of premium paid.
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Some ex-policyholders are turning to self-insurance as an alternative. This involves making regular deposits into a dedicated savings pot, and using this to pay for incidents they'd have otherwise ...