The Motor Insurers' Bureau (MIB) was founded in the UK in 1946 as a private company limited by guarantee and is the mechanism in the UK through which compensation is provided for victims of accidents caused by uninsured and untraced drivers, which is funded by an estimated £30 a year from every insured driver's premiums.

Where it is shown that no policy of insurance exists covering the responsible party’s vehicle, the MIB will consider dealing with a claim for compensation from the "victim".

Liability still needs to be assessed but because the negligent (and uninsured) party has been formally identified, the MIB recognise that the innocent victim has rights of full legal redress once fault is proven.

Claims will be considered for the cost of repairing/replacing the vehicle (comprehensively insured policyholders precluded), hire charges, loss of use and property damage.

Where the driver deemed to be responsible for an accident, leaves the scene and is not traced, the MIB will consider a claim for compensation in respect of both property and personal injury damages.