Home insurance rates may be going through the roof, but State Farm has some good news for its auto insurance customers.

The Bloomington insurance giant said it will pay $5 billion back to automobile insurance customers starting this summer.

Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. State Farm is issuing an average ...

It's from the largest dividend in the company's history. "As a mutual company with a customer-first focus, State Farm Mutual is able to provide value directly to our customers while maintaining ...

In addition to refunds, State Farm said it has lowered car insurance rates in 40 states by an average of 10%. Getty Images Good news for drivers: State Farm will refund $5 billion to its car insurance ...

Millions of drivers with State Farm insurance could soon see payouts on average of $100, according to a recent announcement from the company. State Farm Mutual said Thursday that it would pay $5 ...