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10/02/2016 10:29 GMT | Updated 10/02/2016 10:59 GMT

The Average Engagement Ring Costs Less Than You Might Expect

Tradition may suggest engagement rings should cost the equivalent of between one to three months of your salary, but prospective proposers will be pleasantly surprised to know that most people spend much less.

engagement ring

The average amount spent on an engagement ring in the UK is £573.00, according to a survey of 2,000 by insurance brand Allianz.

However, one in five will get down on one knee to present a sparkler costing between £750 to over £3,000.

SEE ALSO:

The Vogue Guide to Choosing the Perfect Engagement Ring

Wedding Ring Tattoos Are The Most Rock 'N' Roll Marriage Trend

This Could Be The Biggest Engagement Ring Trend For 2016

Looking for inspiration? Check out some unusual designs in the gallery below or read our guide to the biggest engagement ring trend of 2016.

Photo gallery
11 Unique Engagement Rings (list)
See Gallery