State Farm just dropped a $5 billion bomb on auto policyholders — sending out the biggest dividend in company history, averaging $100 per customer. Over 7 million checks have already gone out, with another 3.8 million hitting mailboxes this week, covering 49 million vehicles. Eligible customers (with active private passenger policies last year) get a payout based on their premium — 4% to 10% depending on location, and separate checks for each insured car. If you’ve got an email on file, you can choose digital payment via Zelle, Venmo, or PayPal; otherwise, you’ll receive a check automatically. Plus, State Farm’s also slashing rates in 40 states, saving drivers $4.6 billion — thanks to falling repair costs and fewer accidents.
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