These days, whether you're shopping or dining out in Palisades Park or Fort Lee, the rising cost of living is quite alarming.

If you want to grill some ribs with the family, you can easily spend $100 in no time.

Plus, living in New Jersey, you can't avoid paying car insurance, and even if you don't have an accident, the rates seem to go up every time you renew, which is frustrating.

However, the insurance company that has been taking your money every month is now saying they will give some back.

The company in question is none other than the familiar State Farm.

They are distributing a staggering $5 billion in dividends to customers, the largest amount in the company's history.

With 49 million vehicles eligible nationwide, this is truly a massive scale.

Millions of checks have already been sent out, and they are still being mailed out in phases.

Some of you might be thinking, "Hey, I switched to another insurance company recently!"

Don't overlook this.

If you had State Farm car insurance for even one month between January 1, 2025, and December 31, 2025, you are eligible for this refund.

The average refund per vehicle is about $100, calculated based on the insurance premiums you actually paid in 2025, ranging from 4% to 10% per state.

If you had two or three cars at home, each will be calculated separately.

The process to receive the refund is surprisingly simple.

If you registered your email with State Farm, you should receive a notification email from [email protected].

By clicking the link in the email, you can choose to receive your refund via Zelle, Venmo, PayPal, or by paper check.

If you didn't register your email, there's no need to worry. A paper check will be sent to the address you previously registered.

So, residents of Palisades Park should check their mailboxes regularly.

If you throw away what looks like junk mail, you might end up discarding a $100 check.

However, with such news, there are always scammers trying to take advantage.

As rumors spread about giving money back to millions, there are those who send fake emails or texts to steal personal information.

Remember, the official email address is just one: [email protected].

Any message asking you to enter your password or send a fee first is 100% a scam, so don't fall for it.