State Farm Policyholders in Idaho to Receive Dividends Totalling $7.7 Million

By Joe Estrella, The Idaho Statesman, Boise

Mar. 1--State Farm policyholders in Idaho will receive dividends totaling $7.7 million, according to State Farm Mutual Automobile Insurance Co., the largest automobile insurer in the nation.

State Farm policyholders in 46 states, the District of Columbia and the Canadian province of New Brunswick will receive a total of $1.25 billion in the company's latest policyholder dividend declaration, approved by the State Farm Mutual board of directors.

Idaho policyholders will receive 16.5 percent of their semi-annual premium.

Although the amounts will vary significantly, the average dividend per vehicle in Idaho is $43.

Dividend payments will begin in early April and will continue throughout the year. Policyholders can expect to receive their dividend near the time of their policy renewal. Most customers will receive their dividend by check. Those policyholders receiving less than $15 will be credited to their State Farm renewal premium.

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Copyright (c) 2007, The Idaho Statesman, Boise

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