For many drivers in Malaysia, renewing car insurance can feel like a heavy financial commitment that often comes around quicker than expected. Whether someone is a daily commuter, a weekend driver, or a Grab enthusiast who uses the app regularly, having insurance renewed on time is non-negotiable. What makes it even more crucial is the rising cost of vehicle maintenance and fuel, which can really squeeze household budgets.
This is why a promotion that helps lighten the load is something worth sharing. PolicyStreet, a digital insurance platform known for making insurance simpler and more affordable, has teamed up with Grab PayLater to give users the chance to renew their car insurance with flexible instalments—and to sweeten the deal, they are offering exclusive promo codes that make the renewal even cheaper.
So, if someone has been waiting for the right time to renew or if they simply want a smarter way to manage their car insurance payments, this campaign could be exactly what they need. Let’s take a closer look at why this deal matters, what’s on offer, and why drivers should not miss it.
Why Car Insurance Renewal Often Feels Like a Burden
In Malaysia, it’s a legal requirement to have valid car insurance in place before renewing road tax. Yet, many drivers dread this time of the year because paying for a whole year’s premium in one lump sum can be tough, especially when other financial commitments are already stacked high.
The reality is that most people don’t budget monthly for insurance renewal. The expense feels like an “extra” cost when it comes up, often clashing with school fees, utility bills, or even festive spending. Because of that, some drivers delay renewing or end up scrambling for last-minute solutions.
What PolicyStreet and Grab PayLater are doing here is creating a more manageable and flexible path for drivers to stay covered without burning a hole in their wallets all at once.
The Benefit of Using Grab PayLater for Car Insurance
Grab PayLater is a payment option that allows users to split bills into instalments, and now it can be applied to something as essential as car insurance. This is a game-changer for drivers because:
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Flexible Monthly Payments
Instead of paying the full premium upfront, users can spread the cost across up to 12 months. This makes insurance renewal feel less overwhelming. -
Budget-Friendly Solution
For households already managing tight finances, this option ensures insurance doesn’t derail other financial plans. -
Convenience Through Grab
Most Malaysians are already familiar with Grab as part of their daily lives. Linking this with car insurance renewal through PolicyStreet adds another layer of convenience to an app they trust.
The Exclusive Promo Codes Available
To make things even better, PolicyStreet and Grab PayLater are giving out special promo codes to ensure that users not only enjoy flexibility but also save money upfront. Here’s the breakdown:
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RM50 OFF with Code: PLD50
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Available for all PayLater by Grab users.
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Requires a minimum spend of RM500.
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Each user can redeem this once per month.
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Perfect for those who already use PayLater and want a straight-up cash discount on their renewal.
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20% OFF with Code: NEWPAYLATER
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Exclusively for new PayLater by Grab users.
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Gives up to RM20 off with no minimum spend required.
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Ideal for those trying out PayLater for the first time and want an instant saving.
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Both promotions run until 30 November 2025, giving plenty of time for drivers to plan ahead and enjoy these benefits.
Why This Deal Shouldn’t Be Missed
Insurance is one of those unavoidable costs. Whether a driver owns a brand-new car or an older family vehicle, renewal comes around every year without fail. The question is not whether they need to pay it, but how they choose to pay it.
Here are a few reasons why this PolicyStreet x Grab PayLater promotion is worth considering:
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Immediate Savings
Who doesn’t like to save RM50 instantly? With the PLD50 code, regular PayLater users already have a clear win. For new users, the 20% off may not be a huge amount, but it’s still something that helps reduce costs. -
Spreading the Cost Wisely
Not every household has RM800 or RM1,000 lying around for a one-time insurance renewal. Being able to split it into 12 months makes it more practical, especially during times when prices of everyday goods continue to rise. -
Peace of Mind
Using a trusted platform like PolicyStreet ensures that drivers aren’t cutting corners on their coverage. Instead, they’re securing a reliable plan while managing their finances more effectively. -
Convenience for Grab Users
Since many Malaysians already rely on Grab for transport, food, and deliveries, extending this habit into financial solutions feels natural and seamless.
Practical Example: How Much Could Someone Save?
Imagine a driver whose annual premium costs RM1,200. With PayLater by Grab, they can split this into 12 monthly payments of RM100 instead of paying it all upfront.
Now, if they use the RM50 discount code, the cost immediately drops to RM1,150. For a new user, if their premium is RM600, the 20% discount code could save them RM20 right away, making it RM580 instead.
It may not seem massive, but these small savings add up—especially when combined with the flexibility of spreading payments.
Tips to Make the Most Out of This Deal
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Check Your Renewal Date
Don’t wait until the last minute. It’s best to plan ahead so that users can take advantage of the promo codes before the promotion ends. -
Choose the Code That Works Best
If someone is an existing PayLater user, the PLD50 code gives them the best return. If they’ve never used it before, NEWPAYLATER is the smarter choice. -
Keep an Eye on Monthly Budgets
While spreading payments makes life easier, it’s still important to track monthly spending to avoid overcommitting.
Final Thoughts
Car insurance renewal might not be the most exciting purchase, but it’s one of the most important. With PolicyStreet working together with Grab PayLater, Malaysian drivers now have a practical way to manage this annual expense without unnecessary stress. The added promo codes are simply the icing on the cake.
For those who have been dreading the upcoming renewal or are just looking for ways to make their money stretch further, this promotion is worth considering. Flexibility, savings, and convenience are all rolled into one package—and that’s something drivers should not miss.
Promotional/Event Details:
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Date: Now till 30 November 2025
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Time: All day (24 hours, online)
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Venue: Online via PolicyStreet and Grab PayLater
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More Info: PolicyStreet x Grab PayLater Promotion
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