Find out how much liability coverage you should carry, based on the common guideline of matching coverage to your net worth.
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Total assets minus debts.
Recommended Liability Coverage
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Bodily Injury, Per Accident—
Property Damage—
Formula
A common guideline is to carry liability limits at least equal to your net worth, since a judgment beyond your policy limits can put personal assets at risk. Recommended limits round up to standard policy increments.
Example
Someone with $150,000 in net worth would be advised to carry at least $150,000 per person and $450,000 per accident in bodily injury coverage, well above typical state minimums.
Not tax or financial advice. This calculator provides general estimates based on published 2026 figures. Always confirm important figures with the IRS, SSA, your state tax agency, a licensed lender, or a qualified professional.
Frequently Asked Questions
Is state minimum coverage enough?
State minimums satisfy the legal requirement to drive, but are often far below what is needed to protect your assets in a serious accident. Check your own state minimum with your state DMV.
What does bodily injury liability cover?
It pays for injuries you cause to other people in an accident you are at fault for, up to your policy limits, both per person and per accident.