Best Engagement Ring Insurance in 2025
Independent report by the International Gem Society on the Best Engagement Ring Insurance on the Market in 2025.
9 Minute Read
Our Top Pick for Best Overall Value in Engagement Ring Insurance: BriteCo
Best Value for Jewelry Insurance
Overall Score
9.8
What We Found
Offers competitive price, extensive coverage, convenience and a seamless claims process.
Good But Needs Improvement
Overall Score
9.0
What We Found
A 100-year-old company known for insuring jewelry, though policies and coverage may not meet modern needs.
Just Average Against Competition
Overall Score
8.5
What We Found
Offers standard policies for insuring jewelry, but the coverage, convenience and claims process are average compared to some of the best ring insurance companies.
Best Option Through A Broker
Overall Score
8.0
What We Found
The best option for insuring jewelry through a broker, but requires working with a third party to get coverage.
Jewelry Not A Core Focus
Overall Score
7.5
What We Found
Traditional insurance company with a wide range of policies, but it often means high prices and jewelry is an afterthought. Plus, claims are applied against your homeowners insurance coverage, which can raise rates.
Why Get Engagement Ring Insurance?
The busiest season for engagement ring sales runs from December through Valentine's Day, and 2025 promises to be another big year, according to wedding and jewelry industry publications. With the average cost of a diamond ring ranging from $5,000 on up, it's ideal to protect your prized possessions with one of the best jewelry insurance companies.
A consumer engagement ring survey from BriteCo presented the surprising fact that more than 41% of engagement ring purchasers aren't insuring jewelry. Another survey by ValuePenguin was an even bigger shock, showing that an estimated two-thirds of people don't have insurance for their engagement rings and other valuable items. Looking specifically at jewelry in the $5,000 to $10,000 range, which is the cost of most engagement rings, 29% of purchasers typically don't secure any insurance coverage.
Here's an important point to consider that could make jewelry insurance worth getting. BriteCo's survey indicated that nearly two out of three people who bought engagement ring insurance did in fact make a claim for a lost or damaged diamond ring. That means your odds of using a policy is relatively high. And, as one of the largest purchases you may ever make, to replace it could be a major out-of-pocket expense when compared to a more affordable engagement ring insurance cost.
Is A Jewelry Warranty As Good As Getting Insurance?
No. A jewelry warranty is not an insurance policy. A warranty is generally an add-on provided by the manufacturer or retailer where you originally purchased the diamond ring or other jewelry piece.
Warranties typically have very limited coverage as well. For example, they may cover issues with the materials or construction, but typically don't safeguard from the biggest risks such as loss, theft, or "mysterious disappearance" of engagement rings, whereas insuring jewelry does cover you in those situations.
Below, we rate the top providers to help you determine the best ring insurance companies. Most of these picks specialize in jewelry insurance only, although one is a more typical property and casualty company where claims are handled through your homeowners insurance coverage.
We based our rankings on the overall engagement ring insurance cost, what the policy covers, how easy (or difficult) it is to get insured, customer reviews, and, of course, how the company is rated according to industry financial standards from organizations such as AM Best and Standard & Poor's.
BriteCo Is Our Top Pick for Best Ring Insurance Companies
While a relative newcomer to the jewelry insurance industry, BriteCo is making waves as the insurance technology innovator, with multiple advantages that set it apart, including price, coverage and convenience.
Price
While nearly all of the best jewelry insurance companies typically charge from 1% to 3% of an engagement ring's value for a yearly policy amount, BriteCo has pushed the envelope by providing replacement-only coverage, priced at 0.5% to 1.5% of a ring's value — a significant savings.
That means a $10,000 engagement ring can be insured with BriteCo for under $5 a month. But, the lower price doesn't mean you sacrifice the jewelry coverage or face a higher deductible. In fact, BriteCo's standard engagement ring policies have no deductibles.
Coverage
Compared to most other providers for insuring jewelry, BriteCo stands apart by offering worldwide replacement coverage, up to 125% of your ring's appraised value. So, if replacing your engagement ring costs more than when it was originally appraised, you're covered. That's a big plus that can help avoid any out-of-pocket expenses if you have to make a claim.
BriteCo also automatically updates your coverage value annually to reflect increases in the prices of diamonds, gemstones, or precious metals, based on hundreds of thousands of data points. So, you get global coverage for loss, theft, damage, and mysterious disappearances, plus the beyond-standard 125% valuation, at no extra cost.
Convenience
Go to the Brite.Co website and you can determine your engagement ring insurance cost with a custom quote in just 60 seconds.
To secure the policy, all you have to do is answer a few questions, supply a current appraisal of your ring (which you traditionally will get from the jeweler or website where you purchased it) and upload a photo of the ring from your cell phone. That's it. In less than two minutes, you'll be insured.
Claims
Making a claim with BriteCo is also simple and straightforward. Go to their claims page, fill out a short form, and they'll help you from there.
Another advantage of Briteco is the company works directly with the jeweler you choose to make sure your replacement is of equal or better quality. Other policies, such as your homeowners insurance coverage, may rely on a "preferred network," which will limit your choice and options for a replacement ring.
Financial Strength
BriteCo is licensed to sell jewelry insurance in all 50 states and DC. Its policies are backed by Glencar Insurance Co. (a wholly-owned subsidiary of Hannover Re), which is rated A+ Superior by AM Best.
This rating reflects GIC's integration within the Hannover Re group as well as Hannover Re's balance sheet strength, which AM Best categorizes as strongest, as well as its strong operating performance, very favorable business profile, and very strong enterprise risk management.
Jewelers Mutual Takes Second Place for Best Ring Insurance Companies
Jewelers Mutual has been around for 100 years and comes up pretty much everywhere you search for jewelry insurance. It began as an insurance company specializing in coverage for jewelry stores, but many years ago, it branched out into personal jewelry insurance. Until recently, Jewelers Mutual pretty much had the market to itself. But, like a lot of older insurers, it carries a bit of baggage and lags behind in today's digital-first insurtech environment.
Price
Back in the day, Jewelers Mutual pretty much set a standard for pricing policies at 1% to 3% of the ring's value. And they haven't wavered in years, even as other jewelry insurance companies have become more competitive.
Jewelers Mutual also adds surcharges of 25% to 50% on jewelry items valued at $15,000 or more.
Coverage
Jewelers Mutual provides typical jewelry-specific insurance coverage for loss, theft, damage, and mysterious disappearance, limited to 100% of the item's high-value.
Convenience
Although it has a strong reputation as one of the best jewelry insurance companies, Jewelers Mutual is a bit behind the times when it comes to the customer experience. Customized quotes are available online, but the process to get insured can require several manual steps.
Here's how one reviewer described it: "I jumped online to get it insured. Although the Jewelers Mutual platform felt like something out of the late 1990s, I found a policy option I liked and went through an archaic email process to send documentation and obtain coverage."
Claims
Jewelers Mutual has a long history of managing claims, though dealing with jewelers for a diamond ring replacement can be a challenge.
Financial Strength
Jewelers Mutual has the highest rating for financial strength, just as you would expect from other jewelry insurance companies.
Lavalier Comes in Third for Insuring Jewelry
Backed by Berkley National Insurance Company, Lavalier is part of a large global conglomerate that can insure your diamond ring and other jewelry. But, like Jewelers Mutual, it has also lagged behind in adapting to changes in insurance technology.
Price
Lavalier is similar to other jewelry insurance providers, pricing its policies at 1% to 2% of an item's appraised value.
Coverage
Lavalier jewelry insurance policies are limited up to $50,000 and do not cover claim amounts beyond the original cost of a piece. Items above $5,000 also require a jeweler appraisal. The company does apply deductibles but has a range to choose from to lower the premium cost.
Convenience
While free quotes are available online, the website has the same outdated interface as other older jewelry insurance companies. There's no online customer portal, which means you'll have to initiate any policy changes through an email form on the website.
Claims
No online portal also means the claims process is typically manual and cumbersome.
Financial Strength
Berkeley National Insurance Company has an A+ Superior rating from AM Best, which is typical for a global corporation.
JIBNA Is An Outdated Option for Insuring Jewelry
JIBNA (Jewelry Insurance Brokerage of North America) feels like a throwback to another era in that you can't just get a quote or manage a claim online. In order to get insured, you have to contact the company and have an affiliated broker help you sign up for a jewelry-specific policy.
Price
Specializing in jewelry insurance since 1975, JIBNA has policies that claim to more accurately assess coverage and price. Policy pricing falls in the standard 1% to 2% of the assessed value range.
Coverage
JIBNA offers traditional jewelry insurance coverage for loss, theft, damage, and mysterious disappearance, with coverage limited to 100% of the agreed-upon value of a jewelry piece.
Convenience
As noted, the process of getting insured through JIBNA is highly manual (even if JIBNA claims that means it's more "personalized"). To do so, you must take the time to contact an agent and provide information before getting a coverage quote.
Claims
Because of the manual nature, the claims process is laborious and time-consuming for most people.
Financial Strength
JIBNA is rated A- by AM Best.
State Farm Treats Jewelry Insurance As An Afterthought
As a typical property and casualty insurance company, State Farm will cover your fine jewelry — but it's usually as an additional floater or "personal articles policy" that's tacked on to your existing homeowners insurance coverage.
Price
State Farm's jewelry insurance pricing appears to be somewhat higher than more specialized jewelry insurance providers.
Coverage
State Farm provides the typical coverage for jewelry items, in cases of loss, theft, and damage, and does so at an equal replacement value. Deductibles are common in order to lower premiums, in the same way that State Farm's homeowners insurance coverage typically applies deductibles.
Convenience
You'll have to contact a local State Farm agent (usually by phone) to initiate the process for getting a policy that includes jewelry insurance, even just getting a quote. It's not clear if you have to have a homeowners policy in order to get your diamond ring insured.
Claims
Like many homeowners and renters insurance companies, State Farm utilizes a "preferred network" of jewelers for ring replacements when you file a claim. This can be a hassle for both you and your local jeweler.
Financial Strength
As a long-time established insurance company, State Farm has the top rating from AM Best for financial strength.
What Makes the Best Ring Insurance Companies?
BriteCo is one of the best for insuring jewelry because of its unique combination of advanced online technology and personalized service. It scored much better on our report card because it meets or exceeds all the major criteria including competitive engagement ring insurance cost, convenience for consumers, and an easy claims process that guarantees up to 125% of the value of your diamond ring. But it's easy enough to judge for yourself by getting a custom quote in less than 60 seconds.
International Gem Society
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