The Motor Insurers' Bureau is financed by:

The Motor Insurers' Bureau (MIB) is an organization established to compensate victims of motor accidents caused by uninsured or untraced drivers. To finance its activities, the MIB relies on contributions from authorized motor insurers operating within the UK. These contributions are collected as a levy imposed specifically on these insurers, which enables the MIB to fulfill its compensation obligations and maintain its functionality.

This mechanism of financing through a levy on authorized UK motor insurers is designed to ensure that those who provide motor insurance contribute to the shared responsibility of compensating victims, creating a system of accountability within the automotive insurance market. By directly linking the financing to the insurers, the MIB can effectively manage and distribute funds essential for handling claims related to uninsured or hit-and-run incidents.