JACKSON — State Farm’s board of directors approved a cash-back dividend for eligible private passenger auto policies, sending Mississippi policyholders who had active coverage on Dec. 31, 2025, a share of more than $70.5 million.
The payments will average about $124 per vehicle, the company said. State Farm Mutual also announced a national cash-back program totaling $5 billion for auto consumers, which the company calls the largest dividend in its history. Distributions are scheduled to begin this summer.
Mississippi Insurance Commissioner Mike Chaney welcomed the move, saying returning millions of dollars directly to policyholders along with meaningful rate reductions provides relief for consumers and helps stabilize the auto insurance market while keeping companies financially sound.
State Farm Mutual is one of the country’s largest auto insurers, and cash-back dividends are a way insurers sometimes return surplus funds to customers. The payments could affect premiums and consumer costs locally, but officials have not released a detailed distribution schedule for individual policyholders. We will provide more information as it becomes available.
