If you were one of the 288,946 consumers who tuned-in to a Fayetteville radio station last week, then chances are you heard at least one commercial from GEICO, Progressive, or Liberty Mutual. That's because insurance is big business in Fayetteville.
Each year, Fayetteville consumers spend $560-million to insure their homes and cars. That's almost $1500 for every area adult.
There is good news and bad news for the 724 local insurance agents who are competing to earn a substantial share of the home and auto premiums consumers are paying.
According to Nielsen, 27,000 policyholders in Fayetteville are planning to switch insurance providers during the next 12 months.