Settlement Reached
Settlement Reached
State Farm New Mexico U Coverage Settlement
State Farm · Auto insurance with uninsured and underinsured motorist coverage
The case alleges that State Farm’s handling of uninsured and underinsured motorist coverage affected New Mexico customers whose accidents involved uninsured or underinsured motorists. A settlement has been reached, and a settlement claim opportunity is identified for potentially affected customers.
Case updates and reports
Settlement informationLast updated at
How to participate
U Coverage Settlement Claim
Settlement class members are described as people who purchased State Farm U Coverage insurance policies in New Mexico between January 1, 2010, and December 31, 2021.
- Type
- Settlement Claim
- Claim status
- Unknown
- Total settlement amount
- $20,925,000
- Payout
- Payments are calculated pro rata based on premiums paid and the total number of claims. The article states that payments may represent up to 21% of premiums for minimum-limits U Coverage and 13% of premiums for non-minimum-limits U Coverage.
- Reported proof requirement
- Unclear
Sources and links
Official settlement informationSettlement · U Coverage Settlement Claim
State Farm New Mexico U Coverage Class Action SettlementThe Daily Hodl · Published