Recently I was visited by a car insurance policy expert to renew a contract and I was told that I had a (fatal/non-fatal) car accident risk of %35 so my policy would differ. He also provided me with separate fatal and non-fatal accident probabilities.
Since then, I have been trying to come to a conclusion as to how this percentage is formulated. I have had 2 minor accidents (bumper kiss as they call it here) last year which were not even reported and I drive a common mid level car. Even if all accident data is brought to consideration 35% sounds too high.
How could this "probability" be calculated?
Thank you for your time.