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Cost of Car Key Replacement Losing your car keys is a huge hassle and can be expensive to replace. Depending on the kind of keys you own, the cost will vary. Contacting a locksmith or dealer for an estimate is the best way to learn how much it will be to replace keys. Below is a list of the factors that can influence the cost. Transponder Keys Transponder keys, often referred to as chip keys, have an electronic micro-chip built into the keyhead. When the chip is placed in the cylinder for ignition it transmits a coded me