Services
PriceProtect™
DriveShield™
GarageGuard™
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Home Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Recent Studies
Comprehensive Data Reports
Reviews
About
FAQ
MenuIcon
BACK

Does my escrow pay for home insurance?

I took out a mortgage to close on my new home. My mortgage lender required me to carry home insurance and set up an escrow account on my behalf. Will my escrow account pay for my home insurance?

avatar
Talullah Blanco · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Closing on a new home is exciting, but it can also be confusing. Your escrow account pays for your home insurance, property taxes, and mortgage insurance.
Your mortgage payments include any money you may need to set aside for insurance or taxes over a year. When you make your monthly mortgage payments, your lender will deposit a portion of it into your escrow account to pay for key expenses on your behalf, including your
home insurance
.
Benefits of paying home insurance with an escrow account include:
  • Money for your home insurance will be set aside when it’s due.
  • Your mortgage lender will handle the payment for you.
  • Consolidating your expenses into one monthly payment.
Since your mortgage lender estimates the cost of taxes and insurance every year, you may find your mortgage payment varies to ensure you have enough funds in your escrow account. Typically, your lender will ask that you add a few dollars every month or pay a lump sum if they foresee a shortage.
If you want to save money on home and car insurance, the
Jerry
 app is a good place to start. A licensed broker, Jerry does all the hard work of finding cheap quotes from the top name-brand insurance companies and buying new home insurance.
MORE:
Home insurance terms you need to know
Home InsuranceHomeowners Insurance
View full answer 
Jerry user testimonial avatar
rating primary
“My experience with Jerry has been absolutely incredible. It took my car insurance from about $400/month to about $80. The entire experience is seamless.” - Gregory R.
Lower my car insurance too
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

Find insurance savings

You Might Also Be Interested

card cover

Does Homeowners Insurance Cover Funeral Expenses?

If someone dies at your home, will the funeral be covered by your homeowners insurance policy? Read this guide on homeowners insurance and funeral expenses to learn more.
avatar
Brady Klopfer
card cover

Does Esurance Car Insurance Cover Rental Cars?

If you have full coverage insurance, you can add rental car coverage to your policy. If not, contact your provider before you sign.
avatar
Mariza Morin
card cover

What Happens If You Don't Have House Insurance?

This is an article on what would happen if you don't have homeowners insurance. If your homeowners insurance lapses and disaster strikes, it could financially ruin you. Read here to learn more.
avatar
Elan Mcafee

Read Advice From Car Experts At Jerry

card cover

Jerry State of the American Driver Report Declares 2024 the “Year of the Hybrid” as Heightened Car Buying Demand Signals Car Market Recovery

In a year-over-year comparison of drivers’ car purchasing intent, nearly double expect to buy new or used in the next 12 months; 83% opt for hybrids over plug-in charging electric vehicles.
avatar
Elin Nozewski
card cover

The 8 Best Charlotte Radio Stations

Whether you prefer talk radio, Top 40, classic rock, or adult alternative, these are Charlotte’s best radio stations.
avatar
Jason Tushinski
card cover

What Kind of Car Does Tyler the Creator Drive?

If you know Tyler the Creator at all, you know he loves cars. We’re looking at the visionary rapper’s vintage rally cars, Rolls-Royces, and McLarens.
avatar
Macy Fouse

What Others Are Asking

How do I play music via Bluetooth in a 2009 Ford Fiesta?
I just snagged a sweet used Ford Fiesta after my Focus was stolen from my garage! I like to have some good tunes while I drive, but this Fiesta is pretty old. How do I play music via Bluetooth in a 2009 Ford Fiesta?
avatar
Jason Tushinski
What’s the best year for a used Porsche Boxster?
I’ve been in love with Porsches since childhood, and now I’m finally going to buy one. I’m looking at the Porsche Boxster, but shopping for one is confusing. What’s a 986? Why is the 718 newer but has a smaller number? And what’s the best year for a used Porsche Boxster?
avatar
Matt Terzi
How do you open the gas tank on a Lexus RX 300?
My sister lent me her Lexus RX 300 while my car is in the shop getting repairs. I appreciate having a car while mine can’t be driven, but I can’t figure out how to open the gas tank. Do you know how to open the gas tank on a Lexus RX 300?
avatar
Katherine Duffy
Browse All Questions

Browse More Content

Car Repair Resources

Insurance for Your Car

Insurance in Your State

    Insurance In Your City

    Easiest way to compare and buy car insurance

    √
    No long forms
    √
    No spam or unwanted phone calls
    √
    Quotes from top insurance companies
    Find insurance savings
    Car Insurance by Make
    Audi
    BMW
    Dodge
    Ford
    GMC
    Honda
    Hyundai
    Jeep
    Kia
    Lexus
    Mercedes-Benz
    Mitsubishi
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Model
    Chevrolet Silverado
    Chevrolet Malibu
    Ford Escape
    GMC Sierra
    Honda Accord
    Honda Civic
    Hyundai Tucson
    Jeep Cherokee
    Jeep Wrangler
    Kia Forte
    Mazda 3
    Nissan Altima
    Subaru Outback
    Subaru Crosstrek
    Toyota Camry
    Toyota Corolla
    Toyota Tacoma
    Toyota Highlander
    Toyota Rav4
    Volkswagen Jetta
    View all
    Car Insurance by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Insurance by City
    Austin, TX
    Boston, MA
    Charlotte, NC
    Chicago, IL
    Columbus, OH
    Dallas, TX
    Denver, CO
    Houston, TX
    Indianapolis, IN
    Jacksonville, FL
    Las Vegas, NV
    Los Angeles, CA
    Nashville, TN
    New York, NY
    Philadelphia, PA
    Phoenix, AZ
    Portland, OR
    San Antonio, TX
    San Francisco, CA
    Seattle, WA
    View all
    Car Loan by Make
    Audi
    BMW
    Chevrolet
    Ford
    GMC
    Honda
    Hyundai
    Kia
    Lexus
    Nissan
    Mercedes-Benz
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Company
    AAA
    Allstate
    Aspire Advantage
    Assurance America
    Bristol West
    Commonwealth
    Dairyland
    Encompass
    Infinity
    Kemper
    Mapfre
    Mercury
    National General
    Nationwide
    Plymouth Rock
    Progressive
    Safeco
    State Auto
    Travelers
    Car Loan by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Repair by Service
    AC Compressor Replacement Cost
    Battery Replacement Cost
    Fuel Injector Replacement Cost
    Fuel Pump Replacement Cost
    Ignition Coil Replacement Cost
    Oil Change Cost
    Oil Pan Replacement Cost
    Power Steering Fluid Service Cost
    Rotate Tires Cost
    Spark Plugs Replacement Cost
    Timing Belt Replacement Cost
    Valve Cover Gasket Replacement Cost
    Water Pump Replacement Cost
    Wheel Bearings Replacement Cost
    View all