State Farm Unveils $5B Auto Insurance Refund Across 49 Million Vehicles

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Source: CBS News
State Farm Unveils $5B Auto Insurance Refund Across 49 Million Vehicles
Photo: CBS News
TL;DR Summary

State Farm will issue an average $100 refund per auto policyholder, totaling about $5 billion for 49 million vehicles this summer; the cash refunds (not credits) reflect stronger-than-expected underwriting and lower auto repair costs, with more refund details to come.

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