Written by Hillsboro Free Press Wednesday, 02 May 2007 07:30Kansas policyholders of State Farm Mutual Automobile Insurance Co. will receive 15.1 percent of their semi-annual premium back this year, thanks to a record dividend payout by the company.
Insurance policy holders in the state will receive dividends totaling $19.8 million as Kansas’s share of a $1.25 billion policyholder dividend declaration.
The average dividend per vehicle in Kansas is $41, according to the company. Dividend payments were to begin in early April and will continue throughout the year. Most customers will receive their dividend by check.
In Marion County, State Farm insures more than 3,308 vehicles, said Becky Walsh, Hillsboro agent.