PolicyStreet Unveils Free Road Tax Initiative for Selected Proton and Perodua Cars to Combat Rising Insurance Premiums

 Enjoy FREE road tax for Perodua Axia, Perodua Bezza, Proton Saga, and Proton Iriz, plus up to 70% discount on road tax for other models with PolicyStreet.

6 January 2025

KUALA LUMPUR: As Malaysians grapple with the challenge of rising insurance premiums, homegrown insurtech company PolicyStreet is shifting gears to provide a more affordable solution for car insurance renewals.

Starting today and continuing through February 28, car owners of the Perodua Axia, Perodua Bezza, Proton Saga, and Proton Iriz can enjoy a stress-free transition into 2025 with FREE road tax when they renew their car insurance through PolicyStreet's renewal platform. This promotion builds on the company's existing offer, providing Malaysians with discounts of up to 70% on road tax.

"At PolicyStreet, we are dedicated to developing solutions that enhance financial inclusion for all Malaysians," said Yen Ming Lee, Co-founder and Group CEO of PolicyStreet. "Our free road tax initiative reflects our commitment to making car insurance renewals more affordable and accessible, especially during these challenging times."

To take advantage of this promotion, visit PolicyStreet's car insurance renewal platform at car.policystreet.com and request a quote. Customers can select from five trusted insurers or compare quotes from up to 12 insurers, ensuring they find the best option for their budget and needs.

For eligible Proton and Perodua models, the cost of road tax will be waived at checkout, while other car owners can still reap significant savings with discounts of up to 70% on road tax renewal.

Additionally, PolicyStreet offers a 0% interest Easy Payment Plan, allowing customers to pay for their car insurance in 3, 6, or 12-month installments using credit cards from nine participating banks, including Maybank, CIMB Bank, and Public Bank. This flexible payment option aims to alleviate the financial burden on Malaysians, ensuring they remain protected amid rising insurance premiums.

Proton and Perodua have a special significance in the hearts of Malaysians, known for their practicality and affordability. By focusing on these models, PolicyStreet ensures that everyday Malaysians receive the financial support they need at crucial moments. Combined with discounts available for other car makes, this initiative underscores PolicyStreet's mission to empower Malaysians with affordable and accessible car insurance solutions.

This initiative is part of PolicyStreet's broader efforts to transform the insurance industry by making coverage simpler and more purposeful for Malaysians. To further its mission of closing the protection gap, PolicyStreet partners with industry leaders such as Shopee, foodpanda, and Carsome, embedding innovative insurance products into their ecosystems.

These offerings include micro-policies specifically tailored for gig workers and customized SME packages, all designed with affordability and accessibility in mind.

Having served over 5 million customers nationwide and partnered with over 200 businesses, PolicyStreet remains steadfast in its mission to close the protection gap for underserved communities. Through initiatives like free road tax, affordable micro-policies, and digital solutions that simplify the insurance process, PolicyStreet is paving the way for a more financially inclusive future.