Good news for drivers: State Farm will refund $5 billion to its car insurance customers, paying out an average of $100 per vehicle as part of the largest dividend in company history.

State Farm Mutual announced it will distribute $5 billion dividend to customers across 49 million vehicles due to lower ...

State Farm announced the largest dividend payout to policyholders in the company's history. Here's who is eligible for a refund.

Refund amounts for State Farm customers will vary based on their place of residence and insurance premiums.

Customers can expect to receive $100 refund on average, though State Farm says it will vary by state and by the amount of premium paid.

The payments, to be made this summer, will average about $100 per vehicle for qualifying State Farm auto customers.

State Farm says it’s giving $5 billion in cash back to its car insurance customers, which amounts to a $100 average refund for more than 49 million policies. Here’s what to know: ...