Is It Cheaper to Replace a Lock or Rekey It?

Locksmith Bowling Green K

Introduction

When securing your home or business, one common dilemma arises: should you replace your lock entirely or rekey it? Homeowners, landlords, and business owners often face this decision when moving into a new place, dealing with lost keys, or enhancing security. Understanding the cost and benefits of each option can help you make the right choice for your security needs.

What Does Rekeying a Lock Involve?

Rekeying a lock means adjusting the lock’s internal pins and tumblers so that a new key works while the old one becomes useless. A locksmith replaces the pins inside the lock cylinder, creating a new key combination without changing the hardware.

When Should You Rekey a Lock?

• Lost or stolen keys – If you lose a key, rekeying prevents unauthorized access.
• Moving into a new home – Previous owners or tenants may still have copies of the key.
• Employee or tenant change – Rekeying ensures security without replacing the entire lock.
• Budget-friendly security update – A quick and cost-effective solution when locks are in good condition.

How Much Does Rekeying a Lock Cost?

Rekeying a lock is generally more affordable than replacing it. The cost usually depends on:

• The number of locks that need rekeying
• The type of lock (standard, high-security, or smart locks)
• Locksmith service fees in your area

On average, rekeying a single lock costs $15–$50 per lock, plus the locksmith’s service charge, which varies based on location and urgency.

What Does Replacing a Lock Involve?

Replacing a lock means removing the old lock hardware and installing a new one. This is necessary if your lock is damaged, outdated, or if you want a different style or security level.

When Should You Replace a Lock?

• Worn-out or broken locks – If the lock mechanism is failing, replacement is the best option.
• Upgrading to high-security locks – Smart locks, electronic locks, and deadbolts enhance security.
• Key control concerns – If you suspect someone unauthorized has a key, replacing the lock eliminates access.
• Home or business renovation – Aesthetic upgrades may require new locks for doors.

How Much Does Replacing a Lock Cost?

The cost of replacing a lock depends on:

• The type of lock (deadbolt, smart lock, high-security lock)
• The brand and quality of the new lock
• Installation labor costs

Lock replacement costs range from $50–$300 per lock, depending on the type and security level. High-security locks and smart locks tend to be more expensive.

Which Option Is Cheaper?

In most cases, rekeying a lock is significantly cheaper than replacing it. If your existing locks are in good condition and meet your security needs, rekeying is the best cost-effective solution.

However, if you need enhanced security, a new lock system, or a replacement due to damage, replacing the lock is a better long-term investment.

Final Verdict: Should You Rekey or Replace?

• Choose rekeying if you want a budget-friendly, quick security update.
• Choose lock replacement if your lock is old, broken, or if you want to upgrade security.

Need a locksmith in Bowling Green, KY? BG Locksmith offers professional lock rekeying and lock replacement services to ensure your home or business stays secure. Contact us today for expert assistance!