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it's an electronically coded key like most factory immobilisers.
3 types of immobilisers - non-electronically coded (active), electronically coded (passive) and transponder (passive).
transponder like Magic 2 point or Magic 3 point offer the best protection as they require the transmitter to be near the hidden receiver in order to temporarily mobilise the engine for start up. These are aftermarket units. They can be disabled (e.g. for valet reasons) by (usually) placing the transmitter near the antenna and wait for the beeps
electronically coded are those that come with most factory systems and that it has a chip embedded in the key (or fob in the case of the Prius. We do not have transponders, don't mix that up with the Smart Key System hehe).
non-electronically coded are the cheapest solution but usually require you to remember to remove a key after you stop and re-insert before starting off. They don't qualify for insurance discounts cause they're not passive (i.e. they don't set by themselves and require human intervention). I don't think there are these kinds on the market anymore.
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2010 Prius Technology Package (Cdn)
OEM Cargo Mat, OEM All-Weather Mat, LED ext/int lights, 5000K HID, OEM Fogs, Euro Mudguards
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