economy
February 28, 2026
State Farm to offer $100 average refund to car insurance customers
Updated on: February 27, 2026 / 12:20 PM EST / CBS News
TL;DR
- State Farm is issuing an average refund of $100 per vehicle to auto insurance customers.
- Approximately 49 million policyholders will receive refunds this summer.
- The total amount of refunds distributed will be $5 billion.
- Factors contributing to the refunds include strong underwriting performance and reduced auto repair costs.
- Other insurers like USAA have also provided significant customer savings.
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