As Malaysians grapple with increasing insurance premiums, PolicyStreet, a homegrown insurtech company, is taking the wheel to make car insurance renewals more budget-friendly. From now until February 28, car owners of popular models—Perodua Axia, Perodua Bezza, Proton Saga, and Proton Iriz—can enjoy free road tax when renewing their car insurance via PolicyStreet’s platform. This initiative extends the company’s existing promotion, which offers up to 70% discounts on road tax for other vehicles.
“At PolicyStreet, we’re committed to enhancing financial inclusion for all Malaysians. This free road tax initiative is part of our mission to make car insurance renewals more affordable and accessible, especially in these challenging times,” said Yen Ming Lee, Co-founder and Group CEO of PolicyStreet.
To benefit from this promotion, users can visit PolicyStreet’s car insurance renewal platform at car.policystreet.com and request a quote. Customers can compare options from up to 12 insurers or choose from five trusted providers to find the best match for their needs and budget. Eligible Proton and Perodua models will automatically have the road tax waived at checkout. Other car owners can still enjoy substantial savings with discounts of up to 70%.
To further ease the financial burden, PolicyStreet offers a 0% interest Easy Payment Plan, enabling customers to pay for their car insurance in 3, 6, or 12-month instalments with credit cards from nine participating banks, including Maybank, CIMB Bank, and Public Bank. This flexibility ensures more Malaysians remain insured without straining their finances.
Proton and Perodua have long been symbols of practicality and affordability for Malaysians. By focusing on these popular models, PolicyStreet ensures everyday drivers benefit the most. Coupled with significant savings for other car makes, the initiative highlights PolicyStreet’s dedication to delivering accessible and affordable insurance solutions.
This promotion is part of PolicyStreet’s broader mission to make insurance more Purposeful and Simple for Malaysians. The company actively collaborates with industry leaders like Shopee, foodpanda, and Carsome to introduce innovative, affordable insurance products tailored to underserved communities. These include micro-policies for gig workers and customized packages for SMEs.
Since its inception, PolicyStreet has served over 5 million customers nationwide and partnered with more than 200 businesses. Through initiatives like free road tax, micro-insurance policies, and digital-first solutions, PolicyStreet aims to close the protection gap and build a more financially inclusive future for all Malaysians.
For more information on PolicyStreet’s offerings, visit policystreet.com.
