Saturday, August 23, 2025

Soaring Insurance Premiums Threaten Livelihoods In The Florida Keys

The Florida Keys are grappling with a crisis that threatens to upend the ___s of its residents. Soaring insurance premiums have become a fiscal burden, rivaling the strain of affordable housing that has long plagued the region. Kevin Donlan, a 49-year-old retail manager, is emblematic of this struggle. His $620,000 Key Largo home, purchased in 2020, now carries an astronomical insurance premium of $39,000. This amount eclipses the average annual salary in Florida, according to ZipRecruiter. Donlan's premium has skyrocketed from $11,000 in just five years, with quotes reaching as high as $73,000. The exorbitant costs have forced Donlan to list his 3,785-square-foot home on the market.

Despite its unique features, including multiple porches, the prospect of paying an insurance premium that large has become untenable. Donlan expressed his frustration, "stating.".. "I think it's somewhat criminal that we can't find insurance, or we go from $11,000 to $40,000 a year for coverage in five years." This predicament is not isolated to Donlan. The Florida Keys, "prone to natural disasters.".. are experiencing a perfect storm of rising insurance costs and ← →

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Kevin Donlan's Key Largo home has some standout features — like multiple porches and a unique layout — but nothing quite as jaw-dropping as the $39,000 premium bill he received this year to insure it. That insurance premium amounts to more than what ZipRecruiter says is Florida's average annual salary. And that's not even the highest quote he's received.

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