DISQUS

Consumerism Commentary: State Farm to Pay Dividend to NJ Policyholders

  • Flexo · 1 year ago
    Mine does. Liberty Mutual is, as one would guess, a mutual company... the policyholders are basically the shareholders. So if they announce a dividend (and they usually do, or at least they have in the past), I receive a check.
  • Mike · 1 year ago
    I've got USAA for my car insurance and they've been doing this for years.
  • Steve B · 1 year ago
    I am insured with Amica--and they have regularly paid dividends on their homeowner's and automobile policies. Ususally reduces the premium costs by an effective 20%.
  • beth · 1 year ago
    I'm also with USAA, and last year instead of sending a check, they applied the dividend to my outstanding bills, which was nice. It's fun to get a check, but nicer to not have to worry about throwing it out or losing it.
  • King of Debt · 1 year ago
    Not here in MA. Our insurance is so heavily regulated that all of the companies that do business here in MA don't do business anywhere else.
  • Nateville · 1 year ago
    I have New Jersey Manufacturers for both auto and homeowners. It's a coop of sorts which has always paid dividends to policy holders. You have to meet certain criteria to be eligible for coverage - mainly work for a company or the gov't. who are a member of the organization.

    Also, our rates are about the cheapest you can possibly get in NJ. They go down each year too!

    Glad to hear about your good fortune!
  • Sasha · 1 year ago
    Glad to hear about all the dividend recipients out there. Good stuff!
  • Marshall Middle · 1 year ago
    I received a dividend from my car insurance company too. I use New Jersey Manufactor's Insurance and received a dividend check for $199.65. Not bad.