Question 1

Do I really need three separate insurance policies for my Key Largo home?

Accepted Answer

Yes, most Key Largo homeowners need three separate policies: standard homeowners insurance (for fire, theft, liability), wind/hurricane insurance (for storm damage), and flood insurance (for rising water). Standard homeowners policies exclude wind and flood damage in coastal areas, so you need separate coverage for each risk. These policies work together to fully protect your property.

Question 2

How much does flood insurance cost in Key Largo?

Accepted Answer

Flood insurance costs in Key Largo vary widely based on your specific location and flood zone. Some properties pay as little as $700 annually, but most single-family homes in the Keys pay between $3,000 and $5,000 per year. Properties in high-risk VE zones (direct coastal waterfront) can see premiums up to $23,000 annually. Your elevation, distance from water, and construction type all affect your rate.

Question 3

Is flood insurance mandatory in Key Largo even if I'm not in a flood zone?

Accepted Answer

Yes, in most cases. Lenders now require flood insurance on most Keys properties regardless of FEMA flood zone designation, even in low-risk X zones. Additionally, if you have wind insurance, you must maintain flood coverage as a requirement of that policy. As of 2025, Citizens Property Insurance also requires flood insurance for homes with replacement costs of $500,000 or more, expanding to all properties by 2027.

Question 4

Why is auto insurance so expensive in Florida and the Keys?

Accepted Answer

Florida has the most expensive auto insurance in the nation, averaging $2,488 annually. Costs are high due to frequent severe weather events including hurricanes and flooding, a high percentage of uninsured drivers, and Florida's no-fault PIP system. In the Keys specifically, limited repair facilities, higher replacement costs for saltwater-exposed vehicles, and greater storm risk push rates even higher.

Question 5

What's the difference between wind insurance and hurricane insurance?

Accepted Answer

There's no difference—the terms are used interchangeably. Wind insurance, windstorm insurance, and hurricane insurance all refer to coverage for damage caused by tropical storms and hurricanes. In coastal Florida, this coverage is typically excluded from standard homeowners policies and must be purchased separately. In the Keys, this is essential coverage given the area's hurricane vulnerability.

Question 6

Should I work with a local Key Largo insurance agent?

Accepted Answer

Working with a local agent is highly recommended in Key Largo. Local agents understand Monroe County's unique insurance landscape, know which carriers currently write policies in the Keys, can help you navigate the three-policy requirement, and understand documentation needs like 4-point inspections and wind mitigation. They can quote multiple carriers simultaneously and help you find the best total cost for all your coverage needs.

Insurance Agents in Key Largo, Florida (FL)

Insurance agencies serving Key Largo

Biscayne Insurance Group

DTRT Insurance Group, Inc.

Insurance Agents in Key Largo, Florida (FL)

Insurance agencies serving Key Largo

Biscayne Insurance Group

DTRT Insurance Group, Inc.

Keen Battle Mead & Company

The Insurance Connection Of South FLA Inc

Insurance Guides for Key Largo

Insurance in Key Largo, Florida: Your Complete Guide

Home Insurance in Key Largo, Florida

Auto Insurance in Key Largo, Florida

Frequently asked questions