IS IT GOOD THAT WE ASK OUR INSURANCE AGENTS FOR A DISCOUNT ON OUR INSURANCE PREMIUM?

Generally, we should not ask insurance agents for a discount because most of the insurance agents don't have a basic salary. In other words, most of them are heavily and solely dependent on commission. When we ask for a discount, their commission will be affected. In addition, insurance agents have to bear themselves any expenses incurred when they need to serve their clients in the future and insurance companies will never subsidize them. So, some of them will not be willing to serve their clients who ask for a discount. That's why we hear a lot of stories on how an insurance agent serves some of his clients badly.

Generally, an insurance agent gets a six years commission from insurance company but he must serve his clients forever. Insurance agents will never get their commission from their clients. In fact, it is the insurance companies which pay them commission. So, if we want our insurance agents to serve us well, we should never ask for a discount. However, a free gift is OK.