The Smartest Way to Renew Your Car Insurance with PolicyStreet x PayLater by Grab to Save RM50
Summary: From 15 August to 31 October 2026, eligible customers can enjoy RM50 off when they renew their car insurance through PolicyStreet with a minimum spend of RM500 and apply the promo code PL50PS at the Grab checkout page.
Renewing your car insurance is one of those annual tasks that can easily slip your mind. You know it needs to be done, but between work, errands, and everything else on your plate, it can end up becoming a last-minute job.
The good news is if your car insurance renewal is coming up, you can make the process a little more worthwhile with PolicyStreet’s latest collaboration with PayLater by Grab.
Here’s what you need to know about the RM50 off car insurance offer, how to redeem it, and why planning your car insurance renewal early can save you from unnecessary last-minute stress.
Before you proceed to the promotion details, explore the common car insurance renewal mistakes in Malaysia and how to avoid them.
Save RM50 with PolicyStreet x PayLater by Grab
The promotion gives eligible customers RM50 off their car insurance renewal with a minimum spend of RM500. The offer is available from 15 August 2026 at 12:00 AM until 31 October 2026 at 11:59 PM, or earlier if all available redemptions have been claimed.
Here’s the offer at a glance:
Discount: RM50 off
Minimum spend: RM500
Promo code: PL50PS
Promotion period: 15 August 2026 to 31 October 2026
Redemption limit: 1 redemption per user per device per month, capped at 600 redemptions.
Availability: First come, first served
The promotion is applicable when you meet the campaign requirements and enter the promo code PL50PS at the Grab checkout page.
If your car insurance premium is RM500 or more, this car insurance promo could help reduce the amount you pay by RM50.
For more details, please refer to the terms and conditions.
How to Redeem the RM50 Car Insurance Discount
Don’t leave your car insurance renewal until the last minute. Once your renewal is due, here’s the process to make the most of the promotion.
Head to the PolicyStreet website and enter your vehicle details.
Get quotes from multiple insurance providers and pick optional add-ons that suit your budget and driving needs.
Check if your insurance premium meets the RM500 minimum spend. If yes, you are eligible for the discount.
Select PayLater by Grab as the payment method at checkout.
Enter the promo code PL50PS once you’re redirected to the Grab checkout page.
Once the promo code is successfully applied, complete your payment and car insurance renewal — and that’s it. Your renewed car insurance is sorted, while you’ve saved RM50 on the transaction.
Why You Should Plan Your Car Insurance Renewal Early
A car insurance renewal isn’t something you want to rush through at the eleventh hour.
Besides giving you more time to compare your options, planning ahead is particularly useful when you’re trying to redeem a limited-time car insurance discount.
Avoid missing limited-time promotions
This particular offer is available only during the campaign period on a first come, first served basis.
That means the RM50 discount will only be available until 31 October 2026, or when all available redemptions have been fully awarded, whichever comes first.
If you’re already approaching your renewal date, it’s worth checking your options sooner rather than waiting and risk missing the promotion.
Spend some time to compare car insurance
Your car insurance renewal is also a good opportunity to review your current coverage.
Instead of automatically renewing with the same insurer every year, take some time to compare available plans, premiums, coverage options, and available add-ons.
A lower premium isn’t necessarily better if it means giving up coverage you actually need. The goal is to find a policy that gives you the right balance between coverage and price.
Read our guide and know what to compare when renewing your car insurance.
Avoid delaying until your car insurance expires
More importantly, make sure your car insurance remains active.
Driving without a valid car insurance can put you in a difficult position if you’re involved in an accident. So, even when you’re trying to find the best deal, don’t wait until your existing policy has already expired.
It is ideal to start looking at your insurance renewal options before the expiry date so you have enough time to make an informed decision.
Discover the best time to renew your car insurance in Malaysia.
Renew Your Car Insurance Smarter with PolicyStreet
Your annual car insurance renewal doesn’t have to be a rushed, last-minute task. By planning ahead, comparing your options, and checking available promotions, you can potentially get the coverage you need while keeping your renewal costs under control.
If your car insurance renewal is coming up between 15 August 2026 and 31 October 2026, check whether you’re eligible for the PolicyStreet x PayLater by Grab promotion and use the promo code PL50PS to enjoy RM50 off your insurance premium with a minimum spend of RM500.
Ready to renew? Compare your car insurance options with PolicyStreet and make your next car insurance renewal a smarter one.
Frequently Asked Questions
1. How can I get RM500 off my car insurance renewal?
You can get RM50 off when you meet the minimum spend of RM500 and apply the promo code PL50PS at the Grab checkout page.
2. When is the PolicyStreet x PayLater by Grab promotion valid?
The promotion runs from 15 August 2026 at 12:00 AM to 31 October 2026 at 11:59 PM. However, the offer may end earlier if all available redemptions have been claimed.
3. What is the minimum spend for the RM50 discount?
The minimum spend for the PolicyStreet x PayLater by Grab promotional campaign is RM500. Eligible customers will get to enjoy RM500 off their car insurance premium.
4. What is the promo code for the RM50 car insurance discount?
The promo code for the RM50 car insurance discount is PL50PS. Eligible customers can redeem it by making renewal at PolicyStreet, choosing PayLater by Grab as the payment method, and entering the code at the Grab checkout page.
5. Can I use the RM50 promo code more than once?
Yes. The offer is limited to one redemption per user per device per month, capped at 600 redemptions. This means you can redeem this promo code once every month until the campaign period ends, or all redemptions are claimed, whichever comes first.
6. Can I combine the RM50 discount with another promotion?
Yes. The PolicyStreet x PayLater by Grab promotion can be stacked with eligible cash vouchers. Customers must manually select the cash vouchers and enter the promo code PL50PS at the Grab checkout page.
7. Is the RM50 discount guaranteed throughout the campaign period?
No. The promotion is available on a first come, first served basis and will end once the 600 redemption cap is fully awarded or the campaign period expires, whichever happens first.
8. Where do I enter the promo code to redeem this promotion?
You can enter the promo code PL50PS at the Grab checkout page when renewing your car insurance with PolicyStreet.
