Aftermarket car parts what is

The primary difference between OEM and aftermarket parts is price. When aftermarket parts are used, repairs are less expensive.

This can save money for both insurance companies and consumers. If insurance companies pay out less in claims and find less expensive ways to repair vehicles after an accident, that reduces their total losses.

When total losses paid out by insurance companies are less, then consumers benefit by paying less for insurance overall. When insurers pay high losses, they may have to adjust their overall car insurance rates.

Many insurance companies may use aftermarket parts for collision repairs. If you are concerned about this practice there are steps you can take to be aware and to make a decision if you want aftermarket parts used for your car. Insurance Information Institute. Insurance Institute of Highway Safety. American Property Casualty Insurance Association. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content.

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Your Money. Personal Finance. Your Practice. Popular Courses. Insurance Car Insurance. What are Aftermarket Parts? Key Takeaways Aftermarket parts are also called non-OEM parts, generic parts, or competitive replacement parts.

Some consumers worry about the quality or safety of aftermarket parts but these fears are unfounded, according to auto experts. Using aftermarket parts can be more cost-effective than using OEM parts. If you are in a car accident, an insurance company may suggest that the auto mechanic use aftermarket parts rather than OEM parts to repair the vehicle.

Upgrades may include custom paint jobs, different wheel rims, stereo systems or detailing. Unlike OEM parts, however, aftermarket parts are not all regulated or standardized. High-quality aftermarket parts are as good as OEM parts, or in some cases, can perform better. You really do get what you pay for, and the higher the cost, the better the build or materials. There are hundreds of manufacturers to choose from, so be sure to ask your mechanic about your options.

When considering your options, also ask about the warranty offered by the manufacturer. American Property Casualty Insurance Association. Accessed June 4, Certified Automotive Parts Association. Federal Trade Commission. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads.

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