Best Jewelry Insurance for 2025

Jewelers Mutual is our all-around favorite because it offers comprehensive coverage with no coverage limits for individual items or the whole policy. The company also doesn’t require any appraisals when you apply, and you don’t need to give a bunch of personal information just to get a quote. 

Investopedia chose Jewelers Mutual for this list after our research showed that its lack of coverage maximums beat all the other companies we surveyed, which have at least some kind of cap. And it’s one of the few companies we surveyed that doesn’t require appraisals at all when you apply. 

As with all of the providers on this list, Jewelers Mutual policies are all-risk, meaning they include coverage for all loss, theft, damage, and mysterious disappearances, such as thefts where there is no evidence. (Mysterious disappearance coverage is not included in most homeowners policies.) Jewelers Mutual also includes coverage for worldwide travel, natural disasters, and preventive maintenance. 

Although the company only promises 100% replacement value, it does offer an undisclosed amount of inflation protection—which minimizes loss when your jewelry appreciates in value—and works with the jeweler of your choice to replace your item with something of like kind and quality. 

The online quote process is easy to boot, requiring just your ZIP code, jewelry type, description, and value. You can apply online or buy Jewelers Mutual insurance through a jewelry store, which can be convenient. Partner stores can be found through the Find a Jeweler tool on the company website

Premiums are quite a bit higher than those of BriteCo, the price leader, though Jewelers Mutual’s premiums are typical for the industry. You’ll need to pay the annual premium all at once. But Jewelers Mutual will discount your premium if you have a home security system, store your jewelry in a safe deposit box, or submit documentation showing your item has been inscribed with an identification number known as a Gem ID.  

Unlike some other companies, Jewelers Mutual excludes coverage for resizing, cleaning and inspections, and damage from rodents and pests. If you’re not wearing your jewelry, store it securely where pests can’t reach it.

Established in 1913, Jewelers Mutual is one of the older companies on this list. Its headquarters is in Neenah, Wisconsin. 

BriteCo has the lowest premiums of the companies Investopedia staff researched. Yet the company’s coverage limits are high, and its policies cover you for up to 125% of the jewelry’s original appraised value, which is helpful if the value goes up. 

BriteCo’s premiums are the lowest Investopedia researchers found, averaging about 19% less than the typical quote. While jewelry insurance is relatively cheap compared to other forms of insurance, its costs can add up, especially when you’re also paying for home or renters insurance. Even with its low annual premiums, BriteCo allows you to pay in monthly installments, though you’ll get a discount for paying annually.

BriteCo’s coverage caps for policies ($750,000) and single pieces ($250,000) are among the highest for all jewelry insurance companies that Investopedia staff researched. 

Other benefits: You can purchase a policy either from an agent or through the company website. You can start a claim online, too. Coverage is comprehensive, including worldwide travel, some preventive maintenance costs, and loss of stones, the latter of which Investopedia didn’t see among competitor offerings.

However, every item you want a quote for must be appraised, which is a much higher burden than most competitors impose. In addition, BriteCo’s policies have seven exclusions, ranging from loose stones to materially damaged jewelry to pieces with clarity-enhanced diamonds. You’ll also need to disclose lots of information—including your name, contact details, and appraisal value—to get a full quote. There’s a questionnaire that asks about your home security details and prior convictions, too.

BriteCo creates policies that are underwritten by Glencar, a company with an A+ grade from the credit rating agency AM Best. BriteCo was founded in 2017 by a jeweler who had managed his store’s insurance claims for 13 years. Its headquarters is in Evanston, Illinois.

WAX pays up to 150% replacement value, which is the highest coverage percentage Investopedia research found among top insurers. 

If you insure multiple items with WAX, you’ll be covered for up to 150% of each piece’s value, up to the policy limit, which is a generous $1 million. This protects you if the market value of a piece increases. The high policy limit makes WAX another great choice for people with large collections. 

The company covers theft, loss, accidental damage, fire, flooding, and damage by pets, although its website is not transparent about coverage exclusions. The per-item coverage limit is $50,000, putting WAX about in the middle of the pack.

We’re not crazy about the fact that WAX does not have an online application. If you ask for a quote online, you’ll receive an email with an estimate for coverage. You can get a more accurate quote through the WAX app, but you’ll first need to download that and then enter a lot of information, including your contact details and photos of each item. However, we like that appraisals are only required for pieces worth $100,000 or more.

WAX’s insurance policies are underwritten by Chubb, which has been in business for 142 years and holds an A++ financial strength rating from AM Best, the highest grade available. WAX was founded in 2018.

GemShield makes it easy to get a quick quote estimate online. You only need to provide the estimated value of your item and the deductible you’d like. No name or contact information is required unless you want to purchase a policy through the online application.

GemShield has the easiest quote and application process, according to Investopedia’s research. You can get a quote in less than a minute without giving any personal information, and you can apply for coverage online in under 10 minutes. You can also call an agent if you need more help. Either way, you can get approved and buy a policy quickly. However, you’ll need an appraisal for pieces worth $5,000 or more, which could increase the amount of time needed to receive coverage. You can submit a detailed receipt for items of lesser value.  

Coverage is robust, including worldwide travel and jewelry in transit for inspection, repair, or sale. Any new jewelry you buy even gets automatic limited coverage for 30 days and can be added to your policy. There are only a few exclusions, including manufacturer defects, nuclear hazards or war, and intentional loss or damage. But your coverage is only for 100% of the appraised or agreed value; there are no stated provisions for increases in market value.

GemShield coverage limits of $100,000 per policy and $35,000 per piece are fine for the average person, but they may be too low for people with pricier collections. The company’s premiums are typical for jewelry insurance and it offers discounts for having a home safe, central station fire alarm, or central station burglar alarm.  

GemShield is a jewelry repair and replacement program offered through Wasserman & Wexler Insurance Agency, which has been insuring jewelry for more than 30 years. GemShield policies are issued by StarNet Insurance Company, underwritten by Berkley Asset Protection, and administered by GemShield. GemShield is based in Coral Gables, Florida, but serviced out of Cincinnati, Ohio.

Lavalier offers a wide variety of discounts and other provisions to help you save money on your jewelry insurance. 

Lavalier offers discounts for storing your jewelry in a home safe, using a home alarm, or having a gemstone grading report from a trusted firm. You can also save if you keep your jewelry in a bank vault or safe deposit box.

Another way to reduce your premium is to choose a higher deductible. Lavalier offers flexible deductible amounts from $0 to $25,000, although a higher deductible could mean paying more out of pocket for a loss.

You can also insure a variety of items under $1,000 with Lavalier’s unscheduled jewelry endorsement, which can be an affordable way to cover a lot of different pieces. You’ll pay a $100 deductible for each occurrence if you have a claim for an unscheduled item, and unlike Lavalier’s main policy, mysterious disappearance coverage is not included.

Lavalier’s simple quote tool only requires your ZIP code, type of jewelry, and estimated value. You can also apply online, but you’ll need an appraisal for items worth at least $5,000. Detailed receipts may be enough for lower-valued items.

Coverage limits are adequate, at $150,000 for the policy and $50,000 per piece, but they’re much lower than what some competitors offer. There is limited coverage for new jewelry. However, for the main policy, you’re only covered for 100% of the item’s value, with no inflation provisions. You also can’t start a claim online. 

Like GemShield, Lavalier’s policies are underwritten by Berkley National Insurance Company, a firm that earned a financial strength grade of A from AM Best. Founded in 2013, Lavalier is based in New York City.