State Farm Dividends Will Total $7.7 Million in Idaho

By The Idaho Statesman, Boise

Mar. 2--State Farm Mutual Automobile Insurance Co., the largest automobile insurer in the nation, said Thursday that its policyholders in Idaho will receive dividends totaling $7.7 million.

State Farm policyholders in 46 states, the District of Columbia and the Canadian province of New Brunswick will receive $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, State Farm said. 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

Distributed by McClatchy-Tribune Business News.

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