Car Insurance Renewal: Save Up to 65% with PolicyStreet’s 10+10 Deal
Summary: Cermat MADANI marks the start of Malaysia’s shift toward a more risk-based approach to car insurance pricing. This article covers what the initiative is, what to expect in Phase 1 and Phase 2, why drivers have mixed reactions, and how safe drivers can maximise savings by combining Malaysia’s 55% No Claim Discount (NCD) with PolicyStreet’s additional 10% campaign discount for up to 65% off their insurance renewal.
What Is Cermat MADANI?
If you've been keeping up with recent announcements about car insurance in Malaysia, you've probably come across the term Cermat MADANI.
The initiative introduces a Risk Adjusted Premium Computation (RAPC) model that aims to make car insurance pricing fairer by rewarding safer driving. Instead of relying mainly on traditional underwriting factors, insurers will gradually consider a driver's risk profile when determining eligible rebates and premiums.
Understandably, many motorists are wondering whether this means they'll pay more for car insurance. The answer depends on how the initiative is implemented and each driver's individual risk profile.
Why Is JPJ Introducing Cermat MADANI?
Cermat MADANI was introduced to encourage safer driving habits while creating a fairer insurance pricing model for motorists. Rather than treating all drivers similarly, the RAPC model aims to reward those who maintain a clean driving record.
While responsible drivers often maintain a good driving record for years, insurance premiums have traditionally been influenced by factors such as vehicle type, engine capacity, location, and claims history.
The initiative also supports the government’s wider digitalisation efforts, making vehicle ownership and insurance services more efficient for Malaysians.
What Do Malaysians Think About It?
Like any major policy change, Cermat MADANI has sparked plenty of discussion among Malaysian drivers. While some welcome the initiative as a way to reward safer driving habits, others are looking for more clarity on how it will work in practice.
Some of the questions and concerns shared by on social media include:
Is the additional 10% rebate different from discounts already offered by insurers?
How will my driving record be assessed?
Why aren't existing issues like NCD protection for accidents involving uninsured motorists being addressed first?
Disclaimer: The comments shown below are publicly available social media posts and are included to illustrate the range of discussions surrounding the Cermat MADANI initiative. They do not represent the views of PolicyStreet.
These concerns are understandable, especially since Cermat MADANI will be introduced in phases. As the rollout progresses, drivers should have a better understanding of how the initiative could affect their future insurance renewal.
Cermat MADANI Phase 1
To make the transition smoother, JPJ is rolling out the initiative in two phases. The first phase focuses on preparing the industry for a more personalised approach to car insurance.
In Phase 1, the data used are JPJ records integrated with PDRM, summonses issued by local authorities (PBT) are not factored in for now.
From 9 June to 9 September, all users renewing their car insurance through MyJPJ are eligible for an additional 10% rebate unconditionally.
What Happens in Phase 2?
After 10 September, the 10% MADANI rebate will be determined based on a driver’s risk profile, including active summons record and blacklist status directly acquired from mySIKAP database Road Transport Department (JPJ).
The AI-powered system will be used to evaluate a user’s record through JPJ and PDRM’s data integration before the insurance providers determine the eligible rebate rate. Based on the risk score generated through the RAPC model, insurers can determine whether a driver qualifies for additional rebates or more competitive insurance premiums.
What Does This Mean for Your Next Car Insurance Renewal?
Whether Cermat MADANI affects your premium today or in the future, it’s always worth reviewing your options before accepting your renewal notice.
Insurance premiums can differ between providers, even for similar levels of coverage. Taking a few minutes to compare quotations helps ensure you’re getting value for money while choosing protection that suits your needs.
If you’ve maintained your NCD over the years, you should also make sure you’re getting the full benefit of it when renewing.
Curious about how your NCD is calculated? Learn more in our NCD guide!
How PolicyStreet Helps You Save
As insurers gradually move towards more personalised pricing, comparing quotes becomes even more important. The same driver can receive different premiums depending on the insurer's underwriting approach, making it worthwhile to compare before renewing.
PolicyStreet allows you to compare quotes from different insurers in one place, making it easier to find suitable coverage without having to visit multiple websites or agents.
From 1 July to 24 July, eligible customers can also enjoy additional savings through the 10+10 Campaign.
During promotional hours from 10:00 AM to 11:00 AM and 10:00 PM to 11:00 PM, eligible customers receive:
An additional 10% discount on their insurance premium after No Claim Discount (NCD)
An instant RM10 rebate at checkout
For customers with insurance premiums of RM1,000 or more, that’s at least RM100 in additional savings before the RM10 rebate is applied.
There is no promo code to enter. Eligible discounts are automatically reflected during checkout.
Save More with Drive+
Besides campaign discounts, PolicyStreet customers can enjoy extra benefits through Drive+, our membership programme designed for everyday drivers.
Depending on your membership tier, Drive+ offers benefits such as:
Free Road Tax Rewards: Drive+ members can enjoy up to 100% off their road tax depending on their membership tier.
EPP/Atome Discount: RM10 off (Standard members), RM30 off (Premium members)
Loyalty Benefits: Receive up to RM80 worth of vouchers and discounts
Explore more rewards and benefits at our Terms & Conditions.
These benefits, combined with the 10+10 Campaign, help you save beyond your annual insurance renewal.
The Bottom Line
While Cermat MADANI is still being introduced in stages, one thing remains unchanged: comparing insurers, maintaining a good driving record, and renewing your policy on time are still the best ways to keep your insurance costs under control.
If your renewal is due soon, PolicyStreet makes it easy to compare multiple insurers online while enjoying additional savings through the 10+10 Campaign.
Frequently Asked Questions (FAQs)
1. Will Cermat MADANI affect my insurance premium immediately?
No. The initiative is being introduced in two phases, and most drivers can continue renewing their car insurance as usual while the framework is gradually implemented.
2. Does every traffic summons affect my insurance premium?
During Phase 1, only JPJ records integrated with PDRM are considered. Summonses issued by local authorities (PBT) are not included. From Phase 2 onwards, eligible rebates will be assessed based on the driver's risk profile using data from JPJ's mySIKAP system.
3. Should I compare different insurers before renewing?
Yes, it is recommended to compare different insurers each year to ensure you're getting the best rate and benefits available. At PolicyStreet, you can compare quotes from multiple insurers, customise your coverage, and renew your policy online — anytime, anywhere, in just minutes.
4.How do I qualify for PolicyStreet's 10+10 Campaign?
Simply purchase or renew your car insurance through PolicyStreet between 1 July and 24 July during the promotional hours. Eligible discounts are applied automatically.
5. Can I renew my car insurance online before it expires?
Yes, you can renew your car insurance up to two months before its expiry. Renewing early is recommended to ensure continuous coverage and avoid any lapse in protection.
6. Why should I renew my car insurance online?
Online renewal offers convenience, faster processing, transparent pricing, easy access to policy documents, and the ability to compare multiple insurance options in one place.
7. What documents do I need to renew my car insurance?
To renew your car insurance on PolicyStreet, you'll need:
Vehicle registration number (car plate)
Owner's IC number (MyKad) or passport number for non-Malaysians
Owner's contact details (email and phone number)
8. What is Drive+ membership and what are the benefits?
Drive+ is a loyalty membership programme launched by PolicyStreet. Customers who purchase Drive+ are entitled to exclusive benefits including tiered Road Tax Discount, EPP/Atome Discount (Standard and Premium members only), and many more.
For more details, kindly visit our Terms and Conditions.
