How Much Umbrella Insurance Do I Need?

An umbrella policy sits above your auto and home liability. When a claim exceeds those underlying limits, the umbrella picks up from there. It is the only place in personal insurance where a million dollars of protection costs a few hundred dollars a year.

How to size it

Start with what a judgment could reach, then match coverage to it.

• Add up what is exposed. Home equity, savings, investments and any non-retirement assets. Future wages can also be garnished, so income matters.
• Subtract what your underlying limits already cover. If auto liability stops at $300,000 and your net worth is $1.3 million, the gap is roughly $1 million.
• Round up, not down. The pricing curve is flat. Going from $1 million to $2 million typically adds about $75 a year, which is far cheaper than the first million.

Households with teenage drivers, a pool, a trampoline, dogs, rental property or any public profile carry more liability exposure than net worth alone suggests, and often size up accordingly.

Free, about 60 seconds, no phone call

Not sure whether you need one?

The checkup flags an umbrella gap specifically, comparing your assets against your current liability limits. About 60 seconds, no phone call.

What it costs

Averages only. Your premium depends on state, household drivers, vehicles, property and claims history.

For context, that first million often costs less per year than a single month of auto premium.

What carriers require underneath

An umbrella does not replace your auto and home liability, it extends them. Carriers therefore require the underlying limits to be reasonably high before they will sit above them. Commonly that means around $250,000 of auto bodily injury liability and $300,000 of home personal liability.

If your current limits are below that, raising them is a prerequisite. It is also usually inexpensive, and it improves your protection whether or not you add the umbrella. See how much car insurance you need and how much home insurance you need.

Get an umbrella quoted alongside your current policies

We will check whether your underlying limits qualify and price the umbrella at the same time. No agency fees, ever.

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The Cheapest Liability Protection You Can Buy

We check whether your underlying limits qualify and quote the umbrella across 20+ A-rated carriers. No agency fees, ever.

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General information, not advice. Coverage needs depend on your assets, household and state. The figures here are widely cited planning benchmarks, not a recommendation for your specific situation. A licensed Pro Insurance Group advisor will review your actual exposure before any coverage is placed.

Sources: Net worth guideline and cost range, Kiplinger. · $1 million average cost and per-million increment, Progressive citing ACE Private Risk Services via Forbes. · Underlying limit requirements, Kiplinger. Verified July 2026.