(Closed) How much do you pay for ring insurance?

posted 6 years ago in Proposals
Post # 4
14658 posts
Honey Beekeeper
  • Wedding: June 2011

We pay 130/year.  Typically it’s about 10 dollars for every 1000 of appraised value so that sounds about right.

Post # 5
2095 posts
Buzzing bee
  • Wedding: October 2013

Yep. Our is $11 for every 1,000.

Post # 6
85 posts
Worker bee
  • Wedding: November 1999

we pay 180 for the entire year.

Post # 8
8576 posts
Bumble Beekeeper
  • Wedding: October 2014

We paid $14 for 2 year coverage.. after that we have to find a new one.

Post # 9
9181 posts
Buzzing Beekeeper
  • Wedding: August 2013 - Rocky Mountains USA

Mine’s about $60/year for a ring appraised at ~$6,000 – so that ratio posted above makes sense.

SO worth it!!

Post # 10
502 posts
Busy bee
  • Wedding: October 2013

We pay a little over $500 per year, which is ridiculously expensive. I asked why it costs slightly more than my home contents insurance and the agent explained to me that it is much easier to misplace an engagement then it is to misplace contents of an entire home and fire/floods which are likely to wipe out your entire contents are quite rare. Hmm…

Post # 11
2324 posts
Buzzing bee

We pay $170 per year. This includes us choosing the jeweller should anything go wrong (our jeweeler is a family business/ boutique jeweller). I looked at other policies where they would direct you to the the closest franchise which we didn’t want.

Post # 12
300 posts
Helper bee
  • Wedding: December 2013

Mines $8 per 1000 with usaa

Post # 13
1252 posts
Bumble bee
  • Wedding: June 2012

11 dollars for every 1000

Post # 14
114 posts
Blushing bee
  • Wedding: November 2012

@Vikstar I’m from Aus to everything is always so much more expensive here. We pay about $350 additional on our house insurance per year to cover the rings anywhere in Australia.

Post # 15
9952 posts
Buzzing Beekeeper
  • Wedding: December 2012

Ours is insured under our Home Insurance Policy… and it slightly higher than some of the numbers here…

BUT I understand that is because not only do we have NO FAULT Insurance (so even a mysterious disappearance / loss is covered)

BUT also because we have FULL REPLACEMENT VALUE.  Which means… if the ring is valued at $ 10,000 today (using a round number here)… that the ring won’t just be replaced at the rate that it was originally valued at (the $ 10 K) … BUT it will be replaced for WHATEVER the cost is to make to the original specs in the future as well

So 10 years from now… I misplace / lose my ring / have it stolen, I don’t just get $ 10,000… (or whatever those dollars would purchase in 2023)…  I actually get my ring replaced / remade at whatever that costs to make it happen

So my $ 10,000 Ring 10 years from now is worth $ 15 K… they make me a duplicate replica (exactly the same using the stats that are registered for my ring… in regards to Diamonds etc).

BEST ADVICE – Ask Questions… know what you are paying for / getting.  Not all insurance policies are the same.

Hope this helps,


Post # 16
502 posts
Busy bee
  • Wedding: October 2013

@Telsey:  It’s crazy expensive isn’t it, but you do need it for peace of mind. Do you mind me asking who you are with?

We are with Suncorp and the excess for the ring is only $100 which is pretty good.




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