Umbrella Insurance Calculator

Calculate recommended umbrella insurance coverage based on assets, income, and risk factors.

Total Assets ($)

Annual Income ($)

Number of Properties

Number of Vehicles

Recommended Coverage

$1,000,000

Est. Annual Premium

$360

Est. Monthly Premium

$30

Cost Per $1M Coverage

$360

Umbrella Insurance Calculator: Estimate Your Coverage

Umbrella insurance provides an extra layer of liability protection beyond your existing home and auto policies. It kicks in when your other policy limits are exhausted, protecting your assets from major lawsuits and claims.

This calculator estimates recommended coverage based on your total assets, income, properties, and vehicles. Most financial advisors recommend coverage equal to your total net worth at minimum.

Umbrella policies are surprisingly affordable, typically costing $150-$400 per year for $1 million in additional coverage. Each additional million usually costs $50-$100 more.

For related tools, see our home insurance calculator and car insurance calculator.

FAQ

What does umbrella insurance cover?+

It covers liability claims that exceed your auto or home insurance limits, including bodily injury, property damage, defamation, and certain lawsuits.

How much umbrella insurance do I need?+

At minimum, coverage should equal your total net worth (assets minus debts). High-income earners should add 2-3 years of income.

Is umbrella insurance expensive?+

No, it is one of the most affordable insurance types. $1 million in coverage typically costs $150-$400 per year.

Do I need umbrella insurance?+

If you own a home, have significant assets, or face higher-than-average liability risk (pool, trampoline, teen drivers), umbrella insurance is highly recommended.