Will the insurance company replace the car according to the purchase price?

[Suba1]

The benefits of car insurance are not only to replace minor damage to the car but should also replace major damage or loss of the car. Buying car insurance is one of the efforts of car owners to reduce the risk of loss due to an unexpected incident, but what I often ask is whether the insurance company will replace all losses or according to the purchase price of the car when we lose the car, as additional information I bought a car more than a year ago.