State Farm Mutual Automobile Insurance recently began distributing a record $5 billion dividend to qualifying auto insurance customers, marking the largest payout of its kind in the company’s more than 100-year history.

Millions of customers have already received payments, with additional distributions on the way, State Farm said in a July 31 news release.

The dividend is being paid to eligible customers covering more than 49 million State Farm Mutual auto vehicles nationwide.

“Because the distribution covers more than 49 million auto vehicles, the payment process will take several months to be completed nationwide,” the company said.

COSTCO…

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