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Car Fob Key Replacement The key fob is an electronic device that unlocks the car remotely and allows you to start it. The devices are equipped with memory that lets them reset the driver's position after a taller or smaller person was driving. There are three main kinds of car key fobs and the type you select will impact how much it costs to replace them and whether you can do it yourself without having to visit an agent. Cost If you've lost your car key fob it can be a costly inconvenience. A new fob and key can cost as much as $500 based on the type of vehicle yo