<prompt> Human: Hi I just purchased a new car today and I found out that my car insurance is outrageously high 192 per month and will be 160 when I move in a few weeks to a new location. Im still pretty frustrated with what I have to pay because it is high for me a recent graduate about to start my first job on July 1st with about 180k in student loans.So I found out when I was going through the whole process of financing the car that I would have to get full coverage as my car salesman says. Im not entirely sure I understand why the bank would care what kind of insurance I have on my car, but my mother says thats normal so I am happy to go along with it. After I got home I went on Geicos website to take a look myself to see what I have and what I can possibly lower to save money. So my question is what can I lower to still be considered full coverage? So what I got currently includes:POLICY COVERAGE1. Bodily injury liability: 25k50k2. property dmg liability: 25k3. basic personal injury protection: 200 deductible4. optional basic economic loss: not carried. 5. additional personal injury protection: not carried6. residual medical payments: not carried7. uninsured motorist: supplementary uninsured motorist 2550kVEHICLE COVERAGE:1. comprehensive: 1k ded. with full glass2. collision: 1k ded.3. emergency road service: carried4. mechanical breakdown insurance: 250 ded5. rental reimbursement: 30day, 900maxIs there anything that I can change to lower my monthly payments and still be considered full coverage? Thanks ahead of time reddit! edit: sorry Im not very good at formatting. it looks really well organized when i go to edit itedit2: thanks a lot for all the help guys. So I called American Honda Finance Corp and found that they dont have any rules actually other than that I follow my state rules. My state being NY the bare minimum according to state law is:10,000 for property damage for a single accident25,000 for bodily injury and 50,000 for death for a person involved in an accident50,000 for bodily injury and 100,000 for death for two or more people in an accidentSo my current coverage is almost just the bare minimum as far as policy coverage is concerned. I have 25k property dmg so Im over in that category; however, from reading what everyone is telling me my coverage is already very low as it is so I will not be decreasing any of that. I am in fact considering increasing propery dmg and bodily injury liability. I am a little unsure if the representative I talked to at American Honda Finance Corp is correct in stating that they dont have any rules actually other than that I follow my state rules. I am planning to call Geico to ask them and perhaps call American Honda Finance Corp again to verify. I was thinking I could drop my costs a bit by increasing my deductibles on comprehensive and collision if they would allow it. Im not too concerned about dmg to my car as much as dmg to other people and their propertyedit3: Ive lowered my vehicle coverage a lot. Mostly because I believe myself to be a careful driver and the fact that I wont be driving it much next year. I will be living across the street from workplace. Mainly will use it to get grocery 1x a week. Still considering that increase in bodily injury liability and property dmg liability. Im leaning towards leaving it as it due to the same reason. Also because I have no assets and negative networth I dont see how I can lose anything else. Though I will def boost it next year if I dont this year once I have made some money and paid off a bit of my 180k studentslave loans.  <response>: The reason the bank cares is because if you dont have full coverage and wreck the car they get nothing.I would increase your body and property coverage, those are very low. 