Coverage limits start at $1 million and can go as high as $10 million for qualified applicants, and rates are lower than you may think. A lot of factors determine the amount of coverage you need. Your financial status (net worth), lifestyle, and existing coverage are all relevant. But in liability lawsuits, judgments can, and often do, exceed net worth. It really depends on your assets and budget. Some experts suggest carrying at least enough to protect your net worth.