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It is a hassle to lose your car keys, however it can be expensive. Depending on the kind of keys you have, it can cost thousands of dollars to replace.

Traditional flip keys (which fold up into an e-fob and resemble switchblades) are inexpensive to replace, but remote-lock keys or smart key systems set you back significantly more. The Australian consumer group Choice recently conducted a survey of dealerships to find out how much it costs to replace keys in modern vehicles.

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It's typically cheaper to replace a lost keys through the dealer rather than an independent specialist. Dealerships have special computers specifically designed to work with keys. They are able to reset and program the new key to match the car's computer. This is also true for modern all-in-one laser-cut keys, which are equipped with a microchip to unlock the doors and start the engine, but can only be copied by a dealership.