Many drivers are unaware that their auto insurance policy may cover key replacement under certain conditions, particularly if the loss results are from theft or vandalism.
It's worthwhile to review your policy or speak with your insurer to clarify the specifics; some plans even include roadside assistance services that may help with locksmith fees.
When it comes to replacing car keys, costs can vary significantly based on the type of key you need. Traditional metal keys are the most budget-friendly option, typically ranging from $2 to $10 at a local locksmith or hardware store.
However, if your vehicle uses a transponder key-equipped with a chip that communicates with the car's ignition system-the price jumps considerably. Expect to pay between $50 and $150 for a transponder key replacement, reflecting both the technology involved and the programming required to sync it with your vehicle.
For those with modern vehicles featuring key fobs or smart keys, the expenses escalate even further.
These advanced keys, often equipped with additional features like remote start and keyless entry, can cost anywhere from $100 to $500, depending on the make and model of your car.