ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Buying an engagement ring? How much to spend, and buying insurance

Updated on December 10, 2010

Thinking of proposing? Advice on how to buy an engagement ring, make sure it fits, how much to spend, and the importance of engagement ring insurance.

Many women dream of a surprise proposal and engagement ring. However, for the man, whilst the actual proposal and purchase of the engagement ring can be exciting, it can also be one of the most daunting times in his life.

It is not an easy task to pick out the perfect diamond ring for your loved one, one that fits and that you can afford.

How much to spend when buying an engagement ring

When it comes to deciding how much to spend when buying an engagement ring, the rough rule of thumb is to spend the equivalent of one month’s salary. In a recent engagement ring survey by Insurance Company Sheila’s Wheels, it was found that on average the men who took part in their survey spent £1,412 on an engagement ring.


Who should choose an engagement ring?

This is where things become tricky. In the survey, over 40% of the women said that they would like to be surprised and were willing for their partner to pick a ring for them.

However, 40% wanted to choose their own engagement ring and the remaining 20% didn’t mind either way.

Whilst 10% of the men wanted to decide on the ring themselves, the remaining 90% said they would like their bride-to-be to help them choose the ring as they wanted to make sure their partner liked it.


The importance of buying the right size ring.

Your fiancé will be spending the next few weeks showing off her ring to family and friends, and you need to ensure that you buy the correct size to ensure that the ring doesn’t slip off and get lost.

Unfortunately, when buying an engagement ring, many men deliberately buy a ring that is slightly too big for their fiancé, with the aim of making sure that they can wear it straight away.

As a result, around 56 per cent of women surveyed admitted to wearing the loose fitting rings for an average of 52 days before getting it resized because they wanted to show it off.

However, buying a ring that is too big is a dangerous strategy, which not only may result in the loss of the ring, but also, without any engagement ring insurance can result in a loss of the money spent on the ring.

Therefore, it is important to check your partner's ring size to ensure a good fit and prevent it slipping off the finger and getting lost.

If you want to make the proposal a surprise, it can be a little difficult to determine her ring size. If she wears a ring on that finger you could try to measure it or borrow it and take it to a jewelers to be measured.

Alternatively, you could take her into the jewelers to have her finger measured.

The importance of buying engagement ring insurance

From the survey, almost one in three men admitted that it had not crossed their mind to insure the ring against theft or loss, with one in four admitting they did not plan insuring it at all.

Whilst a ring that has been lost cannot be replaced due to sentimental reasons, for more practical reasons, you can soften the blow by taking out insurance to enable you to buy a replacement.

So the conclusion seems to be that unless your girlfriend is of a highly romantic nature who dreams of a surprise proposal, and doesn’t mind what ring you buy her, your best strategy would be to arrange a surprise proposal and then take her to your chosen jeweler shop to choose a ring for herself, making sure it fits and buying insurance against future loss.



Submit a Comment

No comments yet.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)