State Farm to send $5B in dividend checks to auto insurance customers

CHICAGO (WLS) -- If you have State Farm auto insurance, expect a check in the mail.

The company is sending out $5 billion in cash to its customers.



It's from the largest dividend in the company's history.

"As a mutual company with a customer-first focus, State Farm Mutual is able to provide value directly to our customers while maintaining financial strength to keep our promises in the future. That translated this year to lower auto rates and cash back in the form of a $5 billion policyholder dividend," Jon Farney, State Farm Mutual president and CEO, said.



Payments coming this summer will average around $100 per vehicle.