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Getting a Key Replacement Car Key Isn't As Costly As You Think Everyone has a friend who is always losing their car keys. It's not as expensive as you think to buy an entirely new key or fob. Begin by looking through your owner's manual to see if you can reset the key fob by yourself (usually involves pressing a couple of buttons in a certain order). Check your car insurance policy or bumper-to bumper warranty coverage to determine whether it will cover the cost of a replacement. Keys stolen or lost In the past