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You can also purchase a smart key, that will work with your mobile to unlock your car.<br><br>The cost of replacing a BMW key fob may vary greatly based on the model and type of the vehicle. The older BMW models have a traditional key while the modern models come with a more advanced key fob. In some instances the cost of replacing a fob may be covered under your auto insurance policy. Check with your insurance provider to confirm this.<br><br>A BMW key is a highly secure device that utilizes an electronic chip to communicate with the immobilizer system of the vehicle. The chip emits an individual code that is recognized by the car's computer system, which prevents the engine from starting until the correct key is present. If the chip is lost or damaged, it can be replaced at a dealership or locksmith that specializes in working with BMW automobiles.<br><br>Certain of the more modern BMWs have the smart key which lets you start and unlock your vehicle using smartphones. 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