What does OEM and aftermarket parts mean?

I see both of these terms listed on my car insurance policy, but I swear I've never heard of them before. What do they mean?

“Great question!
OEM and aftermarket parts are different types of machinery in your car, and are listed on car insurance policies to indicate how your vehicle is repaired and what parts your insurance may pay for.
OEM stands for Original Equipment Manufacturer. OEM for cars or car insurance means the parts are made by the same manufacturer as the vehicle. They are often considered original parts.
OEM coverage on a car insurance policy is typically additional coverage. This means that when you submit a claim for a repair and your insurance covers it, they will pay the additional cost for OEM parts. Depending on your policy, OEM parts may only be available for new cars or cars under a certain age.
Aftermarket parts are parts that aren’t made by the vehicle’s original manufacturer. Their quality is often the same as OEM parts, but they’re more readily available and less expensive.
Without OEM coverage on your car insurance policy, your vehicle would likely be replaced with aftermarket parts to reduce costs.
If you want to make sure you’re getting the best deal on OEM coverage, check out the Jerry app. We’ll get you multiple free quotes from different providers so that you can be sure you’re getting the best deal on any OEM claims you might have to file. That way, you can hit the road knowing that you have the coverage you need for the lowest price!”
Emily Maracle
Answered on Sep 02, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

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