MID Update
Submit Your Motor Insurance Database Updates Quick & Easily via Trade Plan Insurance
All vehicles insured on your motor trade policy and all trade plates owned 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
Untaxed stock vehicles (i.e. driven on trade plates) need not be notified, 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 Insurer’s 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 covernote with you at all times when driving a vehicle that has not yet been placed on your MID record.
For the ease of our existing clients we have provided the MID Update submission at the bottom of this page.
<p>Please select your insurer. You will then either be redirected to the appropriate site, or a form will appear below for you to submit your vehicle details for the MID. Please note that this MID update service is only for motor traders who are current clients of Trade Plan Insurance with current motor trade policies that are administered by Trade Plan Insurance.
MID Update Form
Please select your insurer. You will then either be redirected to the appropriate site, or a form will appear below for you to submit your vehicle details for the MID. Please note that this MID update service is only for motor traders who are current clients of Trade Plan Insurance with current motor trade policies that are administered by Trade Plan Insurance. Once you have supplied your information it may take 24 to 48 hours for the MID to process your update.
PLEASE NOTE: Should any of the information you complete be inaccurate, Trade Plan Insurance cannot be held liable for the failure of your MID record being updated. Updates should be carried out by the policy holder or their approved representative. The supplying of your policy number will be taken as authorization of the update. Therefore your policy number is sensitive information and should be treated as such.