Matthew Ashton

Written by

Matthew Ashton

2 minute read

Updated 29th January 2025

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How much does it cost to insure my luxury watch?

This short article outlines the cost of insuring a luxury watch or a collection of luxury watches. We do not tackle watch collections here, but you’ll be pleased to know premiums reduce when insuring more than one watch. At Stanhope, premiums start from as little as £109 for 12 months*, making it affordable for those looking for the right level of cover.

In a bid to make insurance accessible, we are transparent with the primary rating factors used to calculate luxury watch insurance.

Rating factors for our stand-alone luxury watch insurance

  • The watch value. When insured on its own it is 2% of the value of the watch. When part of a collection they are rated at 1.75% of the collection.
  • The risk postcode. Your area affects the premium for better or worse.
  • The age of the prospect. Various rates are applied for age categories.
  • The claims history.
  • The addition of Insurance premium tax [IPT]. Currently, 12% of the insurance premium.
  • The addition of the broker administration fee. For Stanhope, this is £25.

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Calculating an indicative premium at home

Whilst you can get a quick quote online, we outline some premium examples below on our Chubb Select product. These are based on someone aged between 45 and 54, having no previous insurance claims, living in anywhere in the UK (please note, some insurance products on our panel rate for postcode and others do not, the example below are based on the product which does not rate on postcode).

How much would it cost to insure a Rolex Datejust watch?

Rolex Datejust valued at £10,000 – From £176.20.

How much would it cost to insure a Tag Heuer Aquaracer watch?

Tag Heuer Aquaracer valued at £5,000 – From £109.

How much would it cost to insure a Patek Philippe Nautilus?

Patek Philippe Nautilus worth £55,000 – From £856.60.

How much would it cost to insure a Audemars Piguet Royal Oak watch?

Audemars Piguet Royal Oak worth £45,000 – From £705.40.

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All premiums quoted include 12% insurance premium tax and our £25 customer service fee.

*10.9% of current clients are paying the minimum premium of £109. Trading statistics between January and December 2024.

Written by Matthew Ashton

I started working in the insurance industry in 2004. Four years later, I left to focus on theological studies, working as a youth worker and then as a ministry director in Seattle, USA. When returning to the UK, I had an opportunity to work for the late Andrew Marchington. I joined his firm as a sales advisor when it had around ten staff members. Within three years, I was Head of Ops with a staff team of over 30 people. After a chance encounter in 2019 with Rachel Living and Will Cooper, I co-started Stanhope to build a high-value home, luxury watch, and jewellery broker synonymous with trust. I love being with Donna, my wife, and four kids when not working, cramming in the odd row, or run when I can. I am fortunate to love what I do and consider it a blessing to grow the Stanhope brand.

Matthew Ashton

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