Which deductible options are available for rate classes 1, 2, and 3?

The deductible options available for rate classes 1, 2, and 3 are correctly identified as $300, $500, and $5,000. These specific deductible amounts reflect common practices in automobile insurance, where lower deductibles like $300 and $500 are often geared towards drivers with fewer claims or those classified as lower risk, while the higher deductible of $5,000 can be attractive for those willing to assume more risk in exchange for lower premiums.

This structure supports the insurance principle of balancing risk and premium costs, and theoretical underwriting guidelines generally dictate that rates are aligned with the expected frequency and severity of claims for different rate classes. Therefore, the option that includes the $5,000 deductible is indicative of potential savings on premiums for those who choose to manage higher out-of-pocket costs in the event of a claim.

Other deductible combinations provided in the other options do not match the standard offerings for these rate classes, either presenting different amounts altogether or combinations that are less common or not aligned with typical market practices in automobile insurance.