Replacing a key fob is becoming increasingly expensive. Smart keys and luxury vehicle fobs can cost more than $500 for parts and programming, while standard replacements may still cost around $150. In certain situations, your auto insurance policy in Albany, NY may help cover the cost.

How Your Auto Insurance Coverage Affects Key Fob Replacement

Whether your insurance policy helps pay for a new key fob depends largely on your level of coverage. Liability-only policies cover damage to other people’s property if you cause an accident, but they do not cover your own belongings. Collision coverage may apply if a key fob is damaged during an accident involving your vehicle. Comprehensive coverage applies to non-collision incidents such as theft or vandalism.

Key Fobs and Normal Wear and Tear

The reason you need a replacement key fob plays an important role in determining coverage. If a key fob is damaged during a covered accident, the cost may be included as part of the overall claim, depending on whether personal property is covered under your policy.

If a key fob is stolen, comprehensive coverage may help cover the replacement, especially if a police report is filed. However, most insurance policies specifically exclude normal wear and tear, battery failure, or mechanical breakdown. Speaking with an agent at NY Twin Bridges Insurance Agency can help clarify what your policy covers.

Comparing Key Fob Costs and Your Deductible

If your key fob is stolen, it is important to compare the replacement cost with your deductible. In some cases, the deductible may exceed the cost of replacing a standard key fob. However, for luxury or smart keys, filing a claim may make more financial sense, depending on your deductible.

At NY Twin Bridges Insurance Agency, we understand how important a functioning key fob is to your daily routine. Our team will review your policy and help determine whether your coverage covers replacement costs. Contact us today to learn more. We are currently serving the Albany, NY area.