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Cost of Car Key Replacement Losing your car keys is an immense hassle and could be expensive to replace. The cost can be different based on the type of key you are using. The best way to find out the price to replace the car key is to ask the locksmith or dealer. Below is a list of some of the variables that could impact the price. Transponder Keys Transponder keys, often called chip keys, have an electronic micro-chip built into the keyhead. The chip transmits an encoded signal to the car's immobilizer when it is placed insid