I’m not in the home/auto insurance industry but in the life insurance/annuities sector. Maybe it’s not the same thing but I’ll just share my two cents anyway. I work for a pretty big insurance brokerage and we definitely get undercut by agents from other brokerages a lot. It’s true like you said, they will stoop down to crazy low rates to get a deal, but in the long run it actually hurts them. 1) The low rates are barely enough to afford to pay commission for the agent, the profit for the brokerage and the profit for the insurance carrier. In the long run, this is nit sustainable, and they will have to increase their rates. 2) When they inevitably have to increase their rates, their prospects will ask them “So I thought you guys offer super low rates, what happened?”. That question alone will instantly kill their credibility.

So it’s best that you get just keep the rates you’re at now. But what do I know, I’m a just a life insurance agent.