Umbrella Insurance Cost Calculator
Estimate Your Coverage & Premiums
Find out how much umbrella liability insurance might cost based on your assets, location, and desired coverage limit.
Optional but improves estimate accuracy
Helps determine risk exposure
How Umbrella Insurance Premiums Are Calculated
Umbrella insurance extends your existing liability limits across home, auto, or business coverage. It provides additional protection when your underlying policy limits are exhausted.
- • Coverage amount desired
- • Your location (state)
- • Type of coverage (personal/business)
- • Number of underlying policies
- • Your risk profile and assets
Typical Cost Ranges:
- $1M coverage: $200-$400 per year
- $2M coverage: $300-$600 per year
- $5M coverage: $700-$1,200 per year
- $10M coverage: $1,500-$2,500 per year
Money-Saving Tips:
- • Bundle multiple policies for discounts
- • Maintain good claims history
- • Compare quotes from multiple insurers
- • Consider higher deductibles on underlying policies
Real-World Coverage Examples
Typical for families with homeowners and auto insurance looking for additional liability protection.
Suitable for businesses with company vehicles and high customer interaction.
Frequently Asked Questions
Umbrella insurance provides additional liability coverage beyond the limits of your existing policies. It covers bodily injury, property damage, and personal liability situations like libel, slander, and false arrest.
For most homeowners and business owners, yes. The relatively low cost (typically $200-600 per year for $1M coverage) provides significant protection against potentially devastating liability claims.
A $1 million umbrella policy typically costs between $200-$400 per year, depending on your location, underlying policies, and risk factors. Some states like Florida and California have higher average rates.
Key factors include your location, coverage amount, number of underlying policies, claims history, and whether you need personal or business coverage. High-risk activities or professions may increase rates.
Yes, businesses can purchase commercial umbrella insurance that extends beyond general liability, auto liability, and other business policies. Business coverage typically costs 20-30% more than personal policies.