Umbrella Insurance Calculator

Umbrella insurance sits on top of your existing policies to absorb the kind of liability judgment that would otherwise wipe out your savings. This estimator gauges the annual cost of that extra layer for $1 million, $2 million, $3 million or $5 million of coverage, and compares the assets you want to protect with your current auto and home liability limits to show whether you have an exposure gap.

The premium comes from a simple built-in schedule, not from insurer rate data or a state-by-state table: $225 a year for the first $1 million, $87 for each additional million, $50 more for each driver beyond two and $30 more for each property beyond the first. The need check compares the assets you enter with the higher of your auto and home liability limits; if the assets are larger, the calculator recommends an umbrella and shows the difference as your exposure gap. Insurers typically require at least $250,000 of auto liability and $300,000 of homeowners liability before they will sell a $1 million umbrella, according to the Insurance Information Institute.

The number is meant to illustrate, not to bind, and your own premium can swing on your driving record, the specifics of your property, and your credit score. One frequent misstep is undervaluing your assets and then buying too little umbrella coverage to actually shield them. A licensed insurance professional can run a personalized quote and confirm the limit you carry is genuinely enough.