The Jewelry Box Blog

Should You Insure Your Engagement Ring?

Should I insure my engagement ring?

You know what they say...if you have to ask...

In all seriousness, the answer is probably yes. In most cases, it is financially logical for you to insure your engagement ring and other sentimental jewelry.

Insuring an engagement ring typically costs 1-2% of the value of the ring, paid once each year. Some quick math tells us it would take 50-100 years of paying premiums for you to pay more in insurance than it would have cost you to replace your ring.

Insuring your engagement ring or other jewelry simply prepares you for life's accidents, meaning if your jewelry becomes lost, stolen, damaged or simply disappears - it's covered. 

But just for fun, here's a little flowchart to help you decide on whether jewelry insurance is right for you.

Should You Insure Your Engagement Ring?

Should you insure your engagement ring?

Get Your Free QuoteGet Your Buyer's Guide

Interested in how much jewelry insurance could cost you per year? It's less than you think. Click the button below to check your rate. 


There are so many benefits of an insurance policy through Jewelers Mutual, but don't just take it from us! Check out what our policyholders have to say.

Contact Us

If you have a media-related question, please email us at [email protected].

About Jewelers Mutual Group

Jewelers Mutual was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Later, consumers began putting their trust in Jewelers Mutual to protect their jewelry and the special memories each piece holds. Today, Jewelers Mutual continues to support and move the industry forward by listening to jewelers and consumers and offering products and services to meet their evolving needs. Beyond insurance, Jewelers Mutual’s powerful suite of innovative solutions and digital technology offerings help jewelers strengthen and grow their businesses, mitigate risk, and bring them closer to their customers. The Group insurers’ strong financial position is reflected in their 37 consecutive “A+ Superior” ratings from AM Best Company, as of November 2023. Policyholders of the Group insurers are members of Jewelers Mutual Holding Company. Jewelers Mutual is headquartered in Neenah, Wisconsin, with other Group offices in Dallas, Texas and Miami, Florida. To learn more, visit