Consumerism Commentary - Latest Comments in State Farm to Pay Dividend to NJ Policyholders

Re: State Farm to Pay Dividend to NJ Policyholders

Marshall Middle — Thu, 06 Dec 2007 10:32:59 -0000

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.

Re: State Farm to Pay Dividend to NJ Policyholders

Sasha — Tue, 04 Dec 2007 18:49:40 -0000

Glad to hear about all the dividend recipients out there. Good stuff!

Re: State Farm to Pay Dividend to NJ Policyholders

Nateville — Mon, 03 Dec 2007 19:21:14 -0000

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!

Re: State Farm to Pay Dividend to NJ Policyholders

King of Debt — Mon, 03 Dec 2007 19:09:01 -0000

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.

Re: State Farm to Pay Dividend to NJ Policyholders

beth — Mon, 03 Dec 2007 17:25:24 -0000

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.

Re: State Farm to Pay Dividend to NJ Policyholders

Steve B — Mon, 03 Dec 2007 14:09:38 -0000

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%.

Re: State Farm to Pay Dividend to NJ Policyholders

Mike — Mon, 03 Dec 2007 12:59:10 -0000

I've got USAA for my car insurance and they've been doing this for years.

Re: State Farm to Pay Dividend to NJ Policyholders

Harlan Landes — Mon, 03 Dec 2007 09:50:24 -0000

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.