If your car is totaled in the first year, you'll get the money for a brand new car, not just the depreciated value. New Car Replacement is a standard feature on Liberty Mutual auto policies. Your policy deductible applies, and coverage is for autos less than one year old, not previously owned, with less than 15,000 miles. Leased autos and motorcycles are excluded. This coverage is not available in North Carolina and Wyoming.