Auto Insurance: Lost Keys Covered?

Does auto insurance cover lost keys?

Most car insurance companies do not cover lost keys. However, there are some exceptions, and it's worth checking with your insurance provider to see what type of coverage you have. Comprehensive coverage will usually cover stolen car keys, but not lost keys.

If your keys are lost, it will generally be your responsibility to pay for their replacement. However, if you have a roadside assistance plan, this may cover a portion of the cost or provide lock-out services to help you gain access to your vehicle.

Comprehensive coverage

• Ignition replacement costs
• Security costs to prevent auto theft
• Door key replacement costs

It's important to note that comprehensive coverage won't cover the cost of replacing lost keys. If your keys are lost, you will likely need to pay for their replacement yourself, unless you have a roadside assistance plan that covers lost keys or offers lock-out services.

When it comes to filing a claim for stolen car keys, it's worth considering the cost of replacement versus your deductible. For example, if your deductible is higher than the cost of replacing your keys, it may not be worth filing a claim. Additionally, filing a claim may result in an increase in your insurance rates, as insurance companies often view clients who have filed claims as higher-risk.

To summarize, comprehensive coverage can provide valuable protection in the event of lost or stolen car keys, but it's important to carefully review your policy documents or contact your insurance provider to understand the specific terms and conditions of your coverage.

Roadside assistance

If you have lost your car keys, your roadside assistance plan may be able to help. Here are some steps you can take:

• Contact your roadside assistance provider: Call the company associated with your roadside assistance plan and inform them that you have lost your car keys. They will be able to advise you on the next steps and let you know what services they can provide.
• Request a locksmith: If your roadside assistance plan covers key-related services, they may be able to send a locksmith to help you. The locksmith may be able to make a copy of your key, or if they are unable to create a duplicate, they can tow your car to a qualified service shop or dealership to have a new key made.
• Understand the costs: While your roadside assistance may cover the cost of sending a locksmith or towing your car, you will likely need to pay for the replacement key yourself. In some cases, your roadside assistance plan may cover a portion of the cost of the replacement key. Be sure to clarify this with your provider.
• Get multiple quotes: If you need to find a locksmith or dealership to replace your key, it is a good idea to get quotes from several providers. Costs for key replacement can vary, and shopping around can help you find a more affordable option.
• Consider purchasing additional keys: If the cost of purchasing a replacement key is relatively low, consider buying more than one set. This will give you a backup in case you lose your keys again in the future.

It is important to review your auto insurance policy or contact your insurance provider to understand the specific details of your roadside assistance coverage and whether it includes any key-related services.

Stolen vs lost keys

Losing your car keys can be frustrating and costly. In most cases, standard car insurance policies do not cover the cost of lost or stolen keys. However, there are some exceptions and additional coverages that you should be aware of.

If your keys are stolen, it is more likely to be covered by your car insurance policy than if they are simply lost. Comprehensive car insurance typically covers theft-related incidents, including stolen keys. Some insurance companies may also offer limited coverage for stolen or damaged keys, especially if they were damaged in a covered loss, such as a vehicle fire. In the case of stolen keys, your insurance company may pay for the cost to replace the ignition and door keys, as well as the cost to re-key the vehicle to prevent further theft.

On the other hand, if your keys are lost, it is less likely to be covered by your car insurance. In most cases, you will have to bear the cost of replacing them yourself. However, some insurance companies offer optional coverage or endorsements for lost keys, although this is unusual. It is worth checking with your insurance company to find out what kind of coverage you have and if there are any additional coverages you can add.

Other Types of Insurance

If your car keys are stolen or lost, other types of insurance may provide coverage. Homeowners or renters insurance policies that include personal property coverage may protect your belongings against theft, even if the keys were not in your home when they were stolen. Additionally, some companies offer specialty coverage for key replacement, which can be purchased through the dealership when you buy your car.

Roadside Assistance

While roadside assistance coverage does not typically cover the cost of lost or stolen keys, it can provide some key-related services. These services may include lockout assistance or locksmith services, which can help you get into your car if you are locked out. However, you will still need to pay for the cost of the new key.

In summary, whether your lost or stolen keys are covered by insurance depends on the type of insurance you have and the specific terms of your policy. It is always a good idea to review your policy documents or contact your insurance provider to understand your coverage in the event of lost or stolen keys.

Key replacement cost

The cost of replacing car keys varies depending on the type of car, the age of the vehicle, and the type of key. Basic keys for older vehicles are the cheapest to replace, costing around $50 to $100. Transponder keys, which are commonly used in newer vehicles, are more expensive, ranging from $75 to $250 or more. These keys have a transponder chip built into the key that needs to be programmed by a dealer or locksmith, which adds to the cost.

Key fobs, which are often used in conjunction with transponder keys, can cost anywhere from $50 to $150 or more. If the key fob is integrated with the physical key, such as in a switchblade key, replacing the entire unit can cost $200 to $300.

The most expensive type of car key is the smart key, which is used for remote keyless entry in many modern vehicles. Smart keys can cost anywhere from $250 to $500 or more, depending on the make and model of the vehicle.

In some cases, the cost of replacing a lost car key may be covered by insurance. Comprehensive car insurance typically covers stolen keys, and some policies may also cover lost keys. However, there is usually a deductible that needs to be paid, and the cost of replacing the key may be less than the deductible. Additionally, some roadside assistance plans may offer key-related services, such as lockout assistance or locksmith services.

What to do if keys are lost/stolen

If your keys are lost or stolen, the first thing you should do is try not to panic. While it can be a stressful situation, there are steps you can take to resolve the issue and prevent further problems. Here is a list of actions you can take:

• Contact a locksmith: A locksmith can come to your location and make you a new key on the spot. However, this may not be possible for all types of keys, especially if your car is newer and has electronic features.
• Contact your roadside assistance provider: If you have roadside assistance coverage, they can send a locksmith to help you get into your car. They may also be able to tow your car to a dealership or qualified service shop if a new key needs to be programmed.
• Get a replacement key: If you have a spare key, you can use it to create a duplicate. This can be done at a dealership, auto repair shop, or hardware store, depending on the type of key. If you don't have a spare, you may need to purchase a new ignition lock cylinder and key from a dealer or independent repair shop.
• Consider the cost of replacement: Replacing a lost or stolen key can be expensive, especially for electronic keys or "smart keys". The cost can range from a few dollars for a simple mechanical key to several hundred dollars for a high-tech smart key. Weigh the cost of replacement against the time and effort involved in filing an insurance claim.
• Contact your insurance company: While car insurance typically doesn't cover lost or stolen keys, there may be exceptions. Some companies offer add-on coverage or endorsements that provide limited coverage. Additionally, if your keys were stolen along with other belongings, homeowners or renters insurance may provide coverage.
• File a police report: If your keys were stolen, it is important to file a report with the police. This can help protect you in case your car is stolen or other issues arise in the future.
• Change your locks: If your keys were stolen and you are concerned about the security of your home or car, consider changing the locks. This can provide peace of mind and ensure that the thieves cannot access your property.

Remember to act quickly if your keys are lost or stolen, as it could leave you vulnerable to further issues such as car theft. Take the necessary steps to secure your property and ensure your safety.

Frequently asked questions