Which part of the world usually has the highest premium rate for travel insurance including medical and liability?

The highest premium rates for travel insurance, including medical and liability coverage, are often found in North America. This is primarily due to the high cost of healthcare services in the United States and Canada, where medical expenses can be significantly higher compared to other regions. When travelers seek insurance coverage, particularly for health-related issues, insurers assess the potential financial risks based on these prevailing costs.

Additionally, liability coverage is influenced by legal environments and the propensity for litigation in North America, often leading to more expensive premiums. Insurers consider the overall risk profile of the area in which travelers are visiting or residing, and North America's unique factors contribute to elevated insurance costs.

Other regions, such as Australia and New Zealand or Europe, do have their own cost considerations, but they generally do not reach the same levels of expense associated with healthcare and liability in North America. The UK's rates are also relatively high, but they can be more manageable due to differences in the healthcare system and insurance market dynamics.