State Farm announces record $5 billion dividend
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Refund amounts for State Farm customers will vary based on their place of residence and insurance premiums.
State Farm Mutual announced its largest dividend in company history on Thursday.
A ValuePenguin analysis said New Jersey drivers will pay the highest rate increase of 10.46% in 2026, the highest in the nation, followed by Nevada, California and New York. That study also said New Jersey drivers have the ninth highest overall car insurance costs in the nation, when compared to the national average.
Car insurance premiums will increase by an estimated 10.46% for New Jersey drivers this year, more than in any other state, according to a study by Lending Tree’s ValuePenguin team.