State Farm Mutual Automobile Insurance Company is distributing a one-time $5 billion policyholder dividend to qualifying auto customers, the largest payout of its kind in the mutual insurer's history, covering 49 million vehicles nationwide. Payments began on July 31, and Steve Baldwin, a spokesperson for State Farm, told CBS News in an email that more than 7.2 million checks had been mailed, with another 3.8 million due to go out this week as the process continues in waves by state over several months. Customers with a policy in force between Jan. 1, 2025, and Dec. 31, 2025, are eligible, with refunds based on a percentage of 2025 premiums that varies by state from 4% to 10% and averages about $100 per vehicle. Customers with an email address on file receive instructions from donotreply@e.sfdividend.com to choose Zelle, Venmo, PayPal or a mailed check, while those without an email on file automatically receive checks; State Farm has said the percentages reflect each state's contribution to its 2025 underwriting results and that the payment will not affect future premiums.