Submit Your Motor Insurance Database Updates Quickly & Easily
As a motor trader, all vehicles insured by your motor trade insurance policy and all trade plates registered to you or your company should be added to the MID, including:
- All permanent vehicles (i.e. vehicles registered to, owned by, or leased to you) and any vehicle in use that is to be regularly covered by the policy
- Taxed stock vehicles (if held for more than 14 days)
- Vehicles for which only contingency insurance is held if they are kept more than 14 days
Your MID record does not need to be updated with untaxed stock vehicles (i.e. driven on trade plates), although if it is easier simply to notify every vehicle, this is fine, in fact this is MIIC’s (Motor Insurer’s Information Centre) preferred approach.
When a licensed vehicle leaves your stock, remove it from the MID.
Please be aware failure to comply with the Motor Insurers Bureau legislation on the Motor Insurance Database could result in a £5,000 fine. Not to mention the fact that the new owner of the vehicle could be acquiring parking fines and/or committing driving offences whilst using the vehicle and the authorities will pursue you for either their settlement or to issue a conviction.
Please also be aware that although you have 14 days to update the MID once you have taken possession of the vehicle, the police may still impound any vehicle that does not appear on the MID. For your own protection we recommend carrying your insurance certificate or a valid cover note with you at all times when driving a vehicle that has not yet been placed on your MID record.
For the ease we have provided the contact details for MID Update submission for all our motor trade partner insurers below.