Can Homeowners Insurance Be Paid Monthly?

Hey, this is Joe Kennedy with the Kennedy Agency in Gilbert, Arizona, and today I want to answer a common question we get about home insurance and homeowners insurance payments. Many homeowners ask if they can pay their home insurance premiums on a monthly basis instead of paying the full amount all at once, and the answer is yes, you absolutely can.

The most common way people pay for their home insurance is through their mortgage and escrow account. In those situations, it can feel like you are paying your homeowners' insurance monthly because your escrow contribution is included in each mortgage payment. However, what actually happens is that your escrow account pays your home insurance premium in full once per year. So even though you contribute monthly, the insurance company is not receiving a monthly payment in those scenarios.

If you do not pay your home insurance through an escrow account, you do have the option to pay your homeowners insurance monthly. While paying your home insurance premium in full upfront usually provides the best discount, there are several convenient monthly payment options available. You can set up automatic payments using a credit card, schedule automatic withdrawals from your checking account, which often comes with a good discount, or even receive a paper bill in the mail and make payments the old school way. Many homeowners still choose that option.

So while the possibilities are not endless, you definitely do have flexible options to pay your home insurance or homeowners insurance on a monthly basis.

If you have any other questions about your home insurance bill, homeowners insurance coverage, or payment options, feel free to contact my agency directly. This is Joe Kennedy with the Kennedy Agency in Gilbert, Arizona. If you are not in Arizona, be sure to contact your local insurance agent for a home insurance review.

We would be happy to review your insurance coverage options with you. Call us at (480) 526-8277 or visit https://thekennedyagencyaz.com

to get a free home insurance or homeowners insurance quote today.

Have a great day, everybody.