Like a good neighbor…State Farm pays its dividends.

If you had State Farm car insurance last year, you might have a payday on the horizon.

For qualifying customers, the State Farm Mutual Automobile Insurance Company has begun distributing a one-time $5 billion dividend.

The cash will be distributed across more than 49 million insured vehicles.

State Farm underscores that this big-time payday is not a settlement, rebate, or promo, but rather a policyholder dividend.

What is a policyholder dividend, you ask?

Because State Farm is a mutual insurance company, its policyholders are considered members. Under this structure, and when financial conditions…

Read the full article at NYPOST.COM