Key Insurance cover and when it matters most | The rising cost of replacing your car keys

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Cover for house and car keys blog image

‘…Anyone seen my car keys?’ Panic sets in when you realise they weren’t in the pocket you usually keep them in. We depend on our keys more than we depend on our mobile phones. Yet in 2013, it was reported that over 6.5 million people in the UK paid for some sort of insurance for their mobile phone (source). What about our keys?

Apart from the tremendous inconvenience, replacing car keys is now a costly business. Increasingly so: the average cost to replace keys for one of the UK’s best-selling cars (the Ford Fiesta) increased 61% from 2013 to 2015 (source).

Most modern cars now offer keyless entry/start and with technology advancing, it isn’t any wonder that key replacement prices are on the rise. Many assume ‘it would never happen to me’, but Lloyds Bank reported that a quarter of drivers have lost their car keys at some point, with a further 5% having had them stolen (source).

The cost of opening and replacing a budget lock on a modern uPVC door can range from £150-£250 (source).

Decent key cover will save you the financial backlash of losing your keys.

For £25 a year we’ll cover:

Voted the UK’s best value car insurance – Auto Express Driver Power Survey.

Cover for property and vehicle keys on the one policy. Covers the considerable cost of having your keys lost or stolen. That’s cover for keys, callout charges and locks too! Use Valeos’ appointed locksmith and avoid having to pay a thing.

Good news for immediate family members who permanently reside at the same address – their keys will automatically be covered too. 1

Up to 3 days hire car cover. Lost keys inevitably cause hindrance when it comes to going about your daily business. That’s why we cover up to 3 days car hire if your car is unusable.

24 hour/365 days a year emergency helpline and access to nationwide network of locksmiths.

Want to talk about it? Call us on 028 9044 2200 or request a call back from a member of our team to discuss a key insurance policy today.

Policy administrator is Valeos. Maximum £100 per key if locked inside home/vehicle or broken in lock. 1. Not covered for any more than 3 replacement keys per lock. Claims cannot be made within first 8 days of the policy being taken out.