It is against the law to operate a motor vehicle in the UK without an insurance policy in place. You must be appropriately insured so that you can afford accident liability should a collision or other incident occur. Those who are uninsured run the risk of being penalized.
But, what about those who are not caught? What about those who continue to go forward without insurance, even after paying the penalty?
Those individuals can cost you a great deal. Uninsured drivers cost other UK drivers approximately £380 million annually. In order to absorb that expense, in many cases, insurance premiums are made more expense. As much as thirty percent of your policy expense can be blamed on uninsured drivers. Why?
The MIB, or the Motor Insurers Bureau, is often left to absorb the cost of accidents caused by uninsured drivers. This organization was formed for the purpose of reducing the financial impact of uninsured driving, and to compensate the victims of those accidents. Insurance companies must register with the MIB and supply policy information for every car insured. Thus, it is easy to determine whether or not a car involved in an accident was in fact insured. When the vehicle wasn’t insured and the driver was found to be liable, the MIB assists the victims financially. However, that money does not just magically appear. Those costs are passed on to insurers and then on to members of the public seeking auto insurance.
That’s the bad news, but the silver lining is the knowledge that the MIB will assist if it is determined that the uninsured driver was responsible for causing your accident. It is not uncommon to find that you are involved in an accident with an uninsured driver. Though government agencies and police forces are making efforts to crack down on those without proper insurance, there are some who are able to slip through the system. When they cause an accident, financial assistance must be sought through the MIB. For this reason, it is wise to consult legal counsel after a crash. Give us a call if you need help.