When To Pay Homeowners Insurance? 
Many banks will require that you pay the first years homeowners insurance in full at closing . Once you close on the home they will collect the estimated amount of monthly insurance in your escrow account to be dispersed the following year . Similar to your property taxes . If you are n't using an escrow account the insurance company or agent will have different billing options for you . Our office recommends using an automatic EFT bill plan . This will help avoid the chance that you miss a bill and have your insurance cancel . Hope this answer helps 