Insurance Premium Tax (IPT) is controlled by the government, who decide how much this should be. Road Runner is required by law to add the prevailing rate of IPT to all insurance premiums. It is not added to our fees.
Your Certificate of Motor Insurance will confirm the use applicable to each named driver. Only vehicles owned by the Policyholder or the Policyholders spouse (if they are a named driver) can be driven for private use. Where the Policyholder is a Limited Company or Limited Liability Partnership the vehicles must be owned by the Ltd Co or LLP.
One specific restriction is that customer’s vehicles can only be driven for motor trade purposes – you cannot drive them for any other purpose
If you are unsure on policy restrictions, please call our customer service team on 03301 00 87 20 (Option 3).
The administration fee is part of the way we are paid for providing our services to you. Our Terms of Business set out the fees we may charge for different transactions and we always disclose these to you in advance. The premiums we quote you include our fees and details of these are set out in all policy documentation. Our instalment options, as explained in ‘How to pay’ allow you to include the fee in any instalment plan you may select.
Calls cost no more than calls to geographic numbers (01 or 02) and must be included in inclusive minutes as part of any mobile phone contract. The exact cost will depend on whether you are using a mobile phone or landline and the agreement you have with your provider.
We do not make any money from calls to us. We moved to ’03’ numbers to help save our customers money.
You should check the Motor Insurance Database (MID) by using the free service at www.askMID.com to check your vehicle registration is on the database. If the vehicle is missing or incorrect, or if you do not have access to the internet, please Contact Us straight away to check that the registration number of your car is recorded correctly.
You, as the registered keeper, would receive the IAL and be liable for any enforcement action if your wife does not insure the car or make a SORN declaration. Please remember though that our policy only covers vehicles owned by your wife or spouse if they are a named driver under the policy.
The Motor Insurers Bureau have produced a guide called Motor Trade and the MID which explains how this will affect various aspects of buying, selling, repairing and generally working with vehicles in the motor trade. You can read this by clicking here.
A valid motor insurance policy will still need to be purchased if you intend to keep the vehicle and do not declare a SORN. If the vehicle remains uninsured as identified by the database comparison, you could still, without any further warning, be subject to further enforcement action.
If you lease your car you will be the registered keeper and so would receive the IAL and any other letters and so will be liable for any enforcement action if you do not insure the car or make a SORN declaration.
The laws were introduced to reduce the number of uninsured drivers and riders on the road, which were forcing the price of insurance premiums up.
At the time of its introduction February 2011, uninsured vehicle owners cost motorists £30 per annual premium on average, totalling more than £500m every year in total.
It is estimated that uninsured motorists injure some 26,500 people every year, with 130 fatalities.
This is coupled with a startling figure from the Motor Insurers’ Bureau (MIB), which states that uninsured motorists are five times more likely to be involved in road accidents, criminal activity and ignore road laws.
It is anticipated that CIE, in conjunction with continued police enforcement activity, will further reduce the level of uninsured driving on British roads by around 40%. This will help keep down the costs to responsible motorists who pay for the cost of uninsured driving through insurance premiums. Further information on the change in law is also available from https://www.gov.uk/vehicle-insurance/uninsured-vehicles
Premium Credit Ltd will have sent you confirmation in writing of the payment dates and amounts. If you do not have this you can either:
• Go online and use their website to check the details (if you have registered for an account) – www.pclpls.com ; or
• Contact Premium Credit Ltd by telephone for confirmation of payment details: 0344 736 9836.
We hope the quote we have provided and the cover options we can provide are attractive to you and your client. The next step is to put the client on risk with us. Here’s what you need to do:
Agree with your client how they are going to pay. You can take payment in full from them, use your own premium credit facility, or offer them our instalment facility. Details of the payment options available are contained with the quote.
Complete the ‘Confirmation of Responsibility for Payment’ sent to you with the Quote. It will confirm the exact process you need to follow to put your client on cover, based on your agency status with us.
Send the ‘Confirmation of Responsibility for Payment‘ to us by email.
Please note that cover is only effective from the date and time shown on our cover note or certificate. If you need cover to start immediately, please call us to ensure we have received the ‘Confirmation of Responsibility for Payment’.