Finding the Best Key Insurance in Las Vegas, NV

Living in Las Vegas, Nevada means dealing with a hot climate, lots of sunshine, and unfortunately a lot of cracked and faded car paint and interiors. That’s why having a good key insurance policy is essential to protect and repair your vehicle when those inevitable parking lot dings or cracked windshields happen. But with so many insurance companies to choose from, how do you find the best key insurance in Las Vegas?

In this comprehensive guide, we’ll walk you through everything you need to know about key insurance in Las Vegas, NV. We’ll explain what key insurance is, what it covers, how it works, and provide tips for getting the best rate. We’ll also recommend some of the top key insurance providers in the Las Vegas area.

What is Key Insurance?

Key insurance is a type of insurance policy that specifically covers damage to your car keys and key fobs. It provides protection in cases where your keys are lost, stolen, broken, or damaged. Key insurance also covers the cost of replacing locks and keys if needed.

This type of insurance is important because replacing key fobs and smart keys for modern cars can be extremely expensive. Just a single replacement key can cost $300 or more from the dealer. Key insurance provides affordable protection that saves you money if you ever need to replace your keys or locks.

What Does Key Insurance Cover?

Key insurance policies vary, but most provide the following core protections:

Key replacement – Covers the cost of replacing lost, stolen or damaged keys. This includes the physical key and any electronic key fobs or transmitters.
Lock replacement – If your keys are lost or stolen, your locks will likely need to be replaced for security. Key insurance covers this cost.
Lockout service – Covers the cost of a locksmith if you lock your keys in your car.
Rental reimbursement – Provides reimbursement for rental car costs while you are waiting for key or lock replacement.
Roadside assistance – Some plans include roadside service for lockouts and key-related issues.

How Does Key Insurance Work?

Key insurance can be purchased as either an add-on to your existing auto policy or as a standalone policy just for your keys. Here are the basics of how it works:

You pay a monthly or one-time premium for the coverage. Premiums are usually affordable, often less than $5 per month.
If you lose your keys or they are damaged, you file a claim with your key insurance provider.
They will work with you and their network of locksmiths to arrange for replacement and cover the costs. Often you will need to pay the locksmith up front and then get reimbursed by insurance.
There is usually a deductible, around $100. This is the amount you pay out of pocket before insurance covers the remaining costs.
The insurance company pays the locksmith or dealer directly for all costs above your deductible.
Your lost or damaged keys are replaced and you are back on the road!

Tips for Getting the Best Key Insurance Rates

Just like regular car insurance, key insurance rates can vary a lot between providers. Here are some tips to get the lowest rates:

Shop around – Get quotes from multiple insurers to compare rates. Prices can vary dramatically.
Consider add-ons – Adding key insurance to your existing auto policy is often cheaper than a separate policy.
Look for discounts – Ask about any available discounts for paying in full, insuring multiple vehicles, bundling policies, and more.
Raise deductibles – Accepting a higher deductible typically lowers your monthly premiums.
Limit coverage – If you drive an older vehicle, you may only need basic key replacement. Newer cars need full coverage.
Maintain good credit – Insurers often check credit and offer discounts to good credit customers.
Ask about savings – Don’t be afraid to inquire about any ways the company can offer you a lower rate.

Top Key Insurance Providers in Las Vegas

There are a number of great key insurance options in the Las Vegas area. Here are some top choices to consider:

American Family Insurance

Offers key replacement coverage as an add-on to auto policies
Lets you work with your local agent to handle claims
Features 24/7 roadside assistance including lockout service

Liberty Mutual

Provides standalone key insurance policies
Covers broken, lost, and stolen keys
Includes rental car reimbursement

Farmers Insurance

Allows add-on coverage to existing Farmers auto policies
No deductible for lockout service
Reimburses rental cars and locksmith costs

State Farm

Offers key insurance as an add-on coverage
Gives the option to work with your local agent
Replaces keys and fobs without deductible

Allstate Insurance

Features affordable key insurance rates
Provides reimbursement for locksmith services
Lets you easily add coverage to current policy

Travelers Insurance

Covers cost of replacing keys and reprogramming
Includes rental car and taxi reimbursement
Available as standalone policy or add-on

Frequently Asked Questions

How much does key insurance cost?

Key insurance premiums average $40 to $120 per year. Monthly costs are around $2 to $5 in most cases. Rates depend on your location, driving record, and type of vehicle.

What if I only drive an old car?

For older, basic vehicles you can likely just get a basic key replacement policy for less than $2 per month. This covers just the physical key replacement.

Does key insurance have a deductible?

Most key insurance plans have a deductible, usually around $100. You would pay this amount out of pocket for a claim before coverage kicks in. Some policies may not have a deductible.

Does my auto policy include key coverage?

Some auto insurance policies include limited key coverage, but most do not. You usually have to add key insurance as an endorsement or buy a standalone policy.

What if my keys are lost out of town?

Your key insurance should provide nationwide protection. You can file a claim and get reimbursed for replacement no matter where keys are lost or stolen.