How to change the AOL password on an iPhone? Although this question has been triggering minds for a long time, answering it is not so difficult. Follow these steps to strengthen the security of your account. Go to your account site and change your password. Once, it is done to move forward and then go to the settings. You will get an option to change the password. Click on the mails, contacts, or calendars section. Click on AOL.In this section click on the AOL mail.Tap password. Type your new AOL password. Make sure to save it.