how much does it cost to insure an engagement ring
Average Cost: The yearly cost to insure your ring is $1 to $2 for every $100 that it would cost to replace. In plain English, this means that if your ring would cost $9,000 to replace, you might expect to pay between $90 and $180 per year to insure itâor slightly more in cities where the risk of theft is higher.hat Ring Insurance Is: There are a few ways to insure your engagement ring. Ring insurance can be purchased as an extension (also called a rider) for your renters or homeowners policy. Renters and homeowners policies cover the stuff in your home, but only up to a certain dollar value.
1 Bankrate.com states that the cost of jewelry insurance is about $1 to $3 per $100 of value, depending on location and the amount of deductible. 2  According to Southern States Insurance, the cost of a typical engagement ring insurance floater will be $1 to $2 per $100 of value per year. On average, plan on spending around $1 to $3 per $100 the ring is worth for one year of engagement ring insurance. 2  For example, if the ring was worth $3,000, the insurance premium would be around $30 to $90 annually.