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State Farm Auto is giving a 25% statement credit to customers due to COVID-19: What you need to know

10 Apr 2020

In total, State Farm will return $2 billion worth of dividends to customers beginning on their June bills.

The State Farm Mutual Automobile Insurance Company has announced that it will apply up to a 25% credit to customers’ bills because there are fewer cars on the road as people drive less during the pandemic. Those fewer cars mean fewer accidents, which means fewer payouts—and thus fewer costs to the company. Instead of pocketing those savings for themselves, however, State Farm will instead return them to customers. Here’s what you need to know:

Read the full article here.
This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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