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Cost For Spare Car Key Owning a spare car key is an investment that deters future expenses that arise from damaged or lost keys. These budget-friendly alternatives perform all the functions that are expected of more expensive keys - unlocking doors, starting engines and activating alarms. There are several ways to replace lost car keys. is to contact your dealership. What is the make and model of your vehicle? The cost of an extra car key could vary widely based on the model and make of your vehicle. It can also depend on the type of key you own.