There is no one-size-fits-all answer to this question, as the amount of insurance you need will vary depending on your individual circumstances. However, there are some general principles you can follow when calculating how much insurance you need.
The first step is to determine the value of your assets. This includes your home, your car, your savings, and anything else that would be considered an asset. Once you have determined the value of your assets, you need to calculate how much liability coverage you need. This will protect you in the event that you are sued or held responsible for damages.
The next step is to calculate how much life insurance you need. This will depend on your age, health, and the number of dependents you have. You may also want to consider additional life insurance if you have a mortgage or other debts that would need to be paid off in the event of your death.
Once you have calculated the value of your assets and the amount of liability and life insurance you need, you can start shopping around for quotes. Insurance rates will vary depending on the company, so it's important to compare rates from several different companies before choosing a policy.