An engagement ring costs over $6,000 on average for a couple.1 For many people, it may be worth it to spend $50 to $100 a year to protect that investment.
Especially when so many insurance companies will repair or replace the ring with one of a similar quality and value.
We compared 10 carriers, including jewelry insurance companies and property insurance companies that sell endorsements for valuable items, to select the best insurance companies for engagement rings.
We investigated the coverage limits, deductibles, premiums, ease of obtaining a quote, the claim reporting procedure, and appraisal requirements for each company.
We also looked at how each provider worked online, customer feedback, and where they were available.
While engagement ring insurance can be a wise investment, choosing the right provider can be difficult. We believe Jewelers Mutual is the best overall carrier based on our comparison.
Jewelers Mutual is supported by major North American jewelry organizations and has unparalleled industry experience.
In addition, the business provides online claim reporting, flexible coverage limits and deductibles, and affordable premiums.
