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They also give employees peace of mind as they don't have to worry about losing their keys or being locked out.<br><br>Another way having a spare key could benefit you is by providing your family members or friends with access to your home. This is especially useful if you lease your house and have tenants who must show up for appointments or when you want to let them in while you're away.<br><br>If you choose to give your family members or friends an extra key it's crucial that you don't hide them somewhere obvious such as under the rug or in the flowerpot next to the front door. This is among the first places burglars will search, and it could also make your home insurance invalid. 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A lot of car keys come with special features such as trunk release and remote locking that can only be accessed by the correct key. This lets you give your child or other family members the keys without needing access to these functions. This feature is especially useful if you have small children who may accidentally lock their parents' car keys in the trunk when playing with them.<br><br>A spare key can also save you money on car insurance premiums. Many companies offer discounts if you have more than one vehicle. To get the most price for your money, it is worthwhile to shop around to find the best price for the new fob or key for your car.