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re: State Farm declares a $5 billion dividend for auto policy holders

Posted on 3/2/26 at 10:13 am to
Posted by dgnx6
Member since Feb 2006
89667 posts
Posted on 3/2/26 at 10:13 am to
I thought costs weren't coming down?


Weird. It's like people on the internet don't actually know shite.
Posted by dgnx6
Member since Feb 2006
89667 posts
Posted on 3/2/26 at 10:17 am to
quote:

I switched from State Farm to Allstate back in 2023 because State Farm wanted to raise my wife and I's 6 mo premium from $2k previously to $3.2k...almost a $1,200 (or $200/mo) uptick on the same 3 vehicles we always had with no new tickets

We went to Allstate for $1.3k/6mo at the time

We'd probably be over $3,500/6mo with State Farm at this point

Enjoy your $100 though



You shouldn't just stay with Allstate now. You should always shop around.


I went with Allstate, had them for a few years and after some price increases, switched to Geico. Now that Geico is going up a little bit, could be time to switch again.


Enjoy being retarded though.








Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
74724 posts
Posted on 3/2/26 at 2:03 pm to
quote:

I switched from State Farm to Allstate back in 2023 because State Farm wanted to raise my wife and I's 6 mo premium from $2k previously to $3.2k...almost a $1,200 (or $200/mo) uptick on the same 3 vehicles we always had with no new tickets
Hard for I’s to take this seriously.
Posted by Slickback
Deer Stand
Member since Mar 2008
28144 posts
Posted on 3/3/26 at 8:30 am to
Probably because they’re the largest auto insurer and there were no major catastrophes last year, and their investment portfolio did great since the market was hot last year.

With as much premium as they take in you can expect Record losses during high catastrophe years that are coupled with down markets, and record profits when it’s the opposite. Since it’s a mutual company they’ll offer dividends when profits are too high.
Posted by CastleBravo
Rapid City, SD
Member since Sep 2013
1793 posts
Posted on 3/3/26 at 10:12 am to
They booted me for too many claims on my 4 vehicle fleet last year.

I guess their strategy is working.
Posted by LemmyLives
Texas
Member since Mar 2019
15959 posts
Posted on 3/3/26 at 11:40 am to
quote:

magine if they didn't waste so much money on this shite commercials

Gotta send the top agents to Europe in first class in the summer, families included.
Posted by nola tiger lsu
Member since Nov 2007
7357 posts
Posted on 3/4/26 at 11:09 pm to
quote:

Imagine if they didn't waste so much money on this shite commercials


Imagine if their adjusters werent scammed and harassed daily by scum plaintiff attorneys.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21840 posts
Posted on 3/5/26 at 7:44 pm to
State Farm is a mutual company. This means it is owned by the policy holders. It is not public, there are no stockholders to maximize profits for. When profits get too big, well beyond the financial strength needed to ensure all future claims can be paid, they return excess as a dividend. It’s been a while since they last did it, but it happens every so often.
Posted by T-Jon
Member since Jan 2012
154 posts
Posted on 3/5/26 at 8:48 pm to
GEICO can save you 15% or more on your car insurance.




So can everyone else. It’s because your car is worth at least 30% less than it was when you originally insured it. Unless you only carry liability insurance, you should shop it every couple of years.
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