Is Homeowners Insurance Included In Your Mortgage Payment? 
The answer here is `` maybe '' . Most mortgage companies will require a mortgage holder to have their insurance paid out of their escrow account if they have less than 20 % equity in the home -LRB- generally -RRB- . This is just to ensure that the policy is paid and in force . If you have more than 20 % equity you may be able to pay it yourself . Some companies charge more to bill the mortgage company so there may be cost savings if you pay it yourself . Then again , some people do n't want to deal with the bills and like to pay it in their mortgage payment . The only answer you care about is the one your mortgage company gives you . If they do n't require it to be paid out of escrow the choice is up to you . 