Why do Car Rentals Give You Two Keys? We Tell You 4 Reasons!

Why do Car Rentals Give You Two Keys? We Tell You 4 Reasons!
Author: Christian
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Have you ever wondered why car rental companies hand you two sets of keys linked together like inseparable buddies? 

Then, buckle up because we’re about to embark on an adventure, unlocking the mystery behind this intriguing practice! 

Get ready to dive into the world of rental car keys and discover why you will nod and crave your next road trip.

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Key Takeaways

  • Car rental companies provide two keys for convenience and as a backup in case, one key gets lost or misplaced.
  • It’s easier for rental companies to keep track of one set of keys rather than two, providing administrative benefits and reducing potential losses.
  • Both keys can increase the car’s resale value, benefiting the company and the customer.
  • The cost of replacing a lost rental car key can vary depending on the age and type of the vehicle, with newer models and key fobs being more expensive.
  • Renters should take responsibility for key management, review rental agreements carefully, and understand potential costs for lost keys to having a stress-free rental experience.

4 Reasons, Why Car Rental Companies Give You Two Keys

In this chapter, we dive deep into four common reasons car rental companies give you two keys.

#1: The Backup Key: Your Road Trip Lifesaver

Imagine being on a thrilling road trip, stopping at a picturesque viewpoint, and realizing you’ve lost your car key.

Panic sets in as you frantically search, but wait! You have a backup key. 

Phew! 

The convenience of having a second key is undeniable, saving you from getting stranded in unfamiliar territory.

Losing a key can be more than inconvenient, leading to hefty costs. Modern car keys are embedded with advanced technology, making them expensive to replace.

Moreover, losing a key often involves towing fees and the hassle of contacting a locksmith. By providing a backup, car rental companies protect you from these unexpected expenses.

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To keep track of both keys, follow these practical tips:

  1. Keep the keys in separate, secure locations – one on you and the other safely stashed in your luggage.
  2. Consider using a brightly colored keychain to make them more noticeable and less likely to be misplaced.
  3. Make a habit of double-checking for the keys before leaving any location.

#2: Simplifying Key Tracking for Rental Companies

Car rental companies aren’t just looking out for your best interests; they benefit from this practice too.

By keeping both keys together, they streamline the administrative process. Instead of managing multiple sets of keys, they only need to track one. This simplifies inventory management and reduces the chances of losing a key.

The one-key policy not only saves rental companies time but also money. Lost keys can be costly to replace, and the expenses can quickly add up.

In addition, companies can maintain their profit margins by reducing the risk of losing keys.

This win-win practice allows companies to focus on providing a smooth rental experience while customers enjoy a hassle-free road trip.

#3: Boosting Resale Value with Both Keys

Surprisingly, having both keys can increase a car’s resale value. When car rental companies eventually sell their vehicles, potential buyers prefer having two keys.

This preference is due to the convenience and peace of mind that come with a backup key, just like when renting a car.

Higher resale values benefit rental companies, as they can recover more of their initial investment in the vehicle.

This, in turn, may lead to more competitive rental rates and better-maintained cars for customers.

To help maintain the condition of the keys, consider these tips:

  1. Be gentle when inserting and removing keys from the ignition to avoid wear and tear.
  2. Avoid overloading the keychain with unnecessary items that could damage the key or ignition.
  3. Keep the keys clean and free of dirt or debris.

#4: The Lost Key Conspiracy: Fact or Fiction?

Some people believe that rental companies provide two keys as a sneaky way to charge customers more.

The theory goes that if a customer loses one key, they’ll face additional fees to replace it.

While this idea is intriguing, the convenience and benefits discussed earlier are more plausible explanations for the two-key policy.

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That said, losing a key can still result in extra charges. To avoid these fees, follow the earlier tips for keeping track of both keys. In case you do lose a key, contact the rental company immediately.

They may offer solutions or discounted rates for replacement keys.

In summary, car rental companies provide two keys for several reasons, including offering a backup in case of loss, streamlining administrative processes, and increasing resale value.

By understanding these reasons and following practical tips, you can enjoy a hassle-free and exciting road trip!

When the Key Goes Missing: Dealing with Lost Rental Car Keys

Losing one of your rental car keys can be a stressful experience, but don’t worry – we’ve got you covered.

In this section, we’ll explore what to do if you find yourself in this situation and how to avoid it in the first place.

Contact the Rental Company

When you realize you’ve lost a key, contact the rental company first. They’ll guide you through the next steps and help you handle the situation.

Remember that rental car companies generally don’t keep spare keys, so that you might need additional assistance.

Call for Help

You may need to call a tow truck or a locksmith to get back into your car. Before making that call, review your rental insurance policy, as it may cover the lost key cost.

Some rental companies even pay for replacement keys and tow the car back to their facility if you lose them. It’s essential to know your coverage to make informed decisions.

Prevention is Key

To avoid losing your rental car keys in the first place, consider attaching a big, noticeable lanyard or keychain to them.

This will make the keys more visible and less likely to be misplaced. Additionally, follow the tips mentioned earlier in this article for keeping track of both keys.

By understanding the steps to take when you lose a rental car key and knowing how to prevent it from happening, you can minimize the stress and disruption to your trip.

So, stay vigilant, enjoy the journey, and always keep an eye on those pesky keys!

The Price of a Lost Key: Replacing Rental Car Keys

Losing a rental car key can be costly, but knowing what to expect is essential if it happens.

In this section, we’ll explore the average cost of replacing a lost rental car key and what factors can impact the price.

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The Cost of Replacement Keys

The cost of replacing a lost rental car key can vary depending on the age and type of the vehicle. According to MSNBC, the average price for a replacement key for an older rental car is around $12.

However, newer models with electronic keys can cost between $100 and $300. In addition, avail Car Sharing notes that more unique key fobs can cost a couple of hundred dollars to replace.

Specific Policies or Fees

It’s crucial to check with your rental company to see if they have any specific policies or fees for lost keys.

For example, some rental companies may charge a replacement fee ranging from $20 to $50.

Reviewing your rental agreement carefully to understand the terms and potential costs is important.

Additional Costs

If you need to call a locksmith to help you get back into the car, they may charge around $100 to $200, depending on the model of the vehicle. These costs can add up quickly, so staying vigilant with your rental car keys is important.

In summary, replacing a lost rental car key can vary depending on the vehicle’s age and type, with newer models and key fobs being more expensive.

Therefore, checking with your rental company for specific policies or fees and reviewing your rental agreement carefully is important.

By understanding the potential costs, you can avoid losing your rental car keys and minimize expenses.

Conclusion: Keep Track of Your Keys

In conclusion, car rental companies provide two keys for various reasons.

Firstly, it’s a backup in case one key gets lost or misplaced, providing renters convenience and peace of mind. Secondly, it’s easier for rental companies to keep track of one set of keys rather than two, giving administrative benefits and reducing potential losses.

Additionally, having both keys can increase the car’s resale value, benefiting both the company and the customer.

However, with the convenience of having two keys comes the responsibility of managing them properly.

Renters should take precautions to avoid losing their keys, such as attaching a big, noticeable lanyard or keychain to them and keeping them in a safe place. Reviewing rental agreements carefully and understanding potential costs for lost keys is also important.

By understanding the reasons behind providing two keys and taking responsibility for key management, renters can have a stress-free rental experience and minimize potential costs.

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