If you are a homeowner, home insurance is a necessary expense that you need to keep up with. Being late on a home insurance payment could have some drastic consequences for you. That's why it's so important to make all your payments when they're due. 

The following are six ways to make your home insurance payment more convenient so that you're less likely to overlook a payment 

Sign up for automatic payments

Automatic payments are a great feature that many home insurance providers offer on their home insurance policies. With automatic payments, you won't have to make payments manually. Instead, your payments will be automatically deducted from your bank or credit card account. 

Not only do automatic payments make home insurance payments more convenient, but they can also lead to a discount on your home insurance. Many home insurance providers will offer a modest discount for policyholders who set up automatic payments. 

Pay annually rather than monthly

If you can afford to pay for an entire year of premiums, it might be best to do so. Paying annually means you won't have to make manual payments on a monthly basis. Instead, you'll have an entire year of payments taken care of upfront. 

Take advantage of home insurance discounts

It's definitely inconvenient to pay more. There are a lot of possible home insurance discounts you might be able to take advantage of to make your payment more convenient and affordable.

Some possible discounts you should look into include discounts for raising your deductible, doing home improvements, and raising your credit score.

Pay through an escrow account

Paying through an escrow account could be a good option if you're still paying off a mortgage on your home. When you pay through escrow, you only have to make one payment per month for both your mortgage and your home insurance. 

Bundle your home insurance with other types of insurance you need

It can be more convenient to bundle numerous insurance policies with the same provider than it is to buy different types of insurance from different providers. In addition to enjoying more convenient payments if you bundle, you could also take advantage of a bundling discount with some home insurance providers. 

Setting reminders on your smartphone

If you want to make sure you don't overlook your home insurance payment, you should set reminders on your smartphone before your payment is due. This will make it easier to be sure you'll make your payment every month before it's due.