Jewellery & Watch
Insurance Calculator
See an indicative annual premium to insure your engagement ring, luxury watches and precious pieces. Add your items below for an estimate in seconds, then request a formal quote from our brokers.
Your Collection
Add each significant piece and its current replacement value.
Enter at least $500.00 of items to see an indicative premium.
How the Estimate Works
The calculator applies standard market rates to the total value of your jewellery and watches, then adds the stamp duty for your state, GST and a policy fee. It gives a fast, indicative figure so you know roughly what cover costs before speaking to a broker.
Specialist jewellery and watch cover is typically priced as a small percentage of the insured value each year, with a minimum premium for smaller collections. The more your pieces are worth, the more it costs to replace them, so the premium scales with the total value you enter.
On top of the base premium, insurance in Australia attracts stamp duty set by your state or territory, plus GST and a small policy fee. Choosing monthly payment spreads the annual cost across the year with a funding charge, while paying annually avoids that charge.
Remember that this is an estimate, not a quote. Your final premium depends on your specific items, current valuations, how and where they are stored, and the insurer’s terms. When you are ready, request a formal quote and a broker will confirm exact pricing and structure cover around your collection.
- Enter the current replacement value of each item, not the original purchase price
- Update valuations every two to three years, or annually for gold and diamond pieces
- High-value items are usually listed individually with their own agreed value
- Worldwide cover protects your pieces at home and while travelling
Frequently Asked Questions
How much does it cost to insure jewellery and watches?
As a guide, specialist jewellery and watch cover is often priced at roughly 1.5% to 2.5% of the insured value each year, with a minimum premium for smaller collections. State stamp duty, GST and a policy fee are added on top. The calculator on this page applies standard rates to give you an indicative figure in seconds; your final premium is confirmed by a broker against current valuations.
Is this calculator a quote?
No. It is an indicative estimate based on standard rates and the values you enter. A formal quote considers your specific items, valuations, security, claims history and the insurer’s terms. Request a quote and one of our brokers will confirm exact pricing and cover.
What value should I enter for each item?
Use the current replacement value — what it would cost to buy an equivalent item today, including GST — rather than the original purchase price. For engagement rings, watches and gold pieces this is best taken from a recent professional valuation, as market values move with gold, diamond and watch prices.
Why does my state change the price?
Insurance premiums in Australia attract stamp duty, which is set by each state and territory and ranges from zero in the ACT to around 11% in South Australia. The calculator applies the correct rate for your state so the estimate reflects the duty you would actually pay.