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The High Cost of High-Tech Automobiles

Every year automakers introduce amazing technology innovations for vehicles, such as devices that help drivers see better, eliminate blind spots, get better mileage, or eliminate the use of gasoline

By Greg Horn | Updated on March 02, 2009

Every year automakers introduce amazing technology innovations for vehicles, such as devices that help drivers see better, eliminate blind spots, get better mileage, or eliminate the use of gasoline altogether. But these technologies could come at a high cost if they break or are damaged in a collision, as many of them cost a bundle to replace. Therefore, it is important for insurance appraisers to acquire sufficient knowledge about collision repair procedures for these types of vehicles.

Even the most common repair or replacement can cost a shocking amount to fix. My daughter constantly loses the keys to her 1993 Volvo, so I went to the hardware store to have several copies cut. The cost was a reasonable $1.50 per copy, which frankly makes me wonder why I waited so long to get around to it. However, I would be singing a different tune if we owned a new Volvo. This is because it would cost a cool $350 to replace the keyless entry for a new Volvo — and that’s not even the most expensive key on the market.

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