Personal umbrella insurance typically comes by the millions ($1-$5 million.) Luckily, this insurance is relatively cheap. With a $1 million policy, you can pay as low as $12.50-$25.00 a month. This amounts to around $150-$300 a year. However, you must already have a certain amount of homeowners or auto insurance coverage to be eligible for this coverage. 
What Affects The Cost Of Personal Umbrella Insurance?
Many factors affect personal umbrella insurance, including:
- Amount of coverage. More coverage generally costs more in premiums.
- Net worth. Personal umbrella insurance policies should be equal to or more than your net worth.
- Credit history. As with most insurance, your credit history affects the cost of your personal umbrella insurance.
- Location. Rates for any insurance policy vary by state. The cheapest insurance policy in Texas may not be the cheapest in South Carolina.
- Amount of risk. Insurance companies consider the likelihood that an insured policyholder will file a claim through risk. Households that have teenagers, dogs, swimming pools, boats or any combination are seen as higher risks because injury is more likely. This may apply to your profession as well.
- Driving record. Personal umbrella insurance can help with costs due to a car crash. Umbrella insurance underwriters consider the driving record of each family member in the household.