Liberty Mutual
Finder score
Telematics | RightTrack |
---|---|
Gap insurance | Yes |
Umbrella insurance is a policy that provides a lot of extra liability coverage – in addition to your liability limits on your home insurance and auto insurance.
You may need to increase your underlying liability limits on your car insurance policy and most insurers require you to have a car insurance policy with them before you buy an umbrella policy. But solely based on umbrella insurance, these insurance companies stand above the rest.
Liberty Mutual
Finder score
Telematics | RightTrack |
---|---|
Gap insurance | Yes |
Progressive
Finder score
Telematics | Snapshot |
---|---|
Gap insurance | loan/lease coverage |
USAA
Finder score
Telematics | SafePilot |
---|---|
Gap insurance | No |
Amica
Finder score
Telematics | StreetSmart |
---|---|
Gap insurance | Yes |
Finder’s editorial team works countless hours analyzing insurance companies and policies, and compares customer satisfaction scores, discounts, rates, coverage options and online reviews. We also factor in ratings from sites such as AM Best, J.D. Power and the Better Business Bureau.
How much you pay for your umbrella policy depends on where you live and how many vehicles or homes you own. But typically, $1 million in coverage costs between $150 and $300 a year, or $12.50 to $25 per month. Umbrella coverage is sold in increments of $1 million, with the next million adding $75 to your annual premium and an additional $50 for every million after that.
Coverage amount | Average annual cost |
---|---|
$1 million | $150 – $300 |
$2 million | $225 – $375 |
$3 million | $275 – $425 |
$4 million | $325 – $475 |
$5 million | $375 – $525 |
Umbrella insurance provides extra liability coverage, which can be valuable if you’ve caused a serious accident and are responsible for somebody else’s injuries or property damage. Most insurance companies want you to carry a car insurance policy with them before offering an umbrella, compare car insurers offering umbrella insurance to find the best one for you.
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