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State Farm Mutual Automobile Insurance Company is paying out the largest cash dividend in its more than 100-year history. The company says it will distribute the $5 billion in payments over the coming months to policyholders, covering more than 49 million vehicles. 

Here's how to find out if you're on the list for a payout.

The dividend is being paid to customers who held qualifying State Farm auto insurance policies in 2025 and whose calculated dividend amount is $10 or more. 

You do not have to be currently insured by State Farm to receive the dividend payment. 

Eligible customers may receive more than one check. State Farm says the dividend payments average $100 per vehicle but will vary by state and depend on the premium amounts a policyholder paid. Each dividend payment — for each vehicle — will be between 4% and 10% of the premium paid for each qualifying policy held in 2025.

Payments to policyholders vary by state because insurance rates also vary by location.

Qualifying customers who will receive the dividend payments are currently being notified. Customers with an email address on file with State Farm will be notified by email. Instructions will be included on how to log into an online payment portal to receive an electronic payment or to choose payment by check. 

State Farm customers without a current email address on file will receive an automatic payment by mail. 

Dividends are being sent in batches sorted by location, and State Farm says it may take months to issue all payments. Customers can call 888-808-9532 or visit SFDividend.com for more information about state-specific dividend delivery dates.

Only payments will be issued; credits to a policy account will not be made.

Insurance premium rates will not be affected by the issuance of a dividend. State Farm says current policy rates "are based on expected future costs. This dividend is calculated based on 2025 financial results."

No. State Farm said that it manages each line of business separately. Dividends are currently being issued only to vehicle policyholders. 

No, only "mutual" insurance companies offer potential dividends to members. Each policyholder of a mutual company is considered a shareholder, or member. External shareholders are not allowed. So, dividends are distributed to members as a benefit of the company's financial success.

Private companies and publicly traded organizations have stockholders. Investors hold the shares, and the majority stockholders control the company. Dividends are paid to shareholders, and the company can raise capital by selling private or public shares.

A mutual company cannot sell stock to raise capital. It relies on member payments and careful budgeting to earn a profit, which is then paid to members as a dividend. 

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