FD
Insurance companies are just a bunch of boring actuaries who look at the statistics and distill premiums on the bases of them
That's true but they often lump one group in with another. For example if you go back more than 25 years, motorcycle insurance was very cheap. You could have insured a 1000cc bike for £10/year. The companies did not properly separate the motorcycle accident rate from the car figures. Then suddenly they discovered this, and the premiums went up several times.
Most life insurers will not load a PPL who flies <100hrs/year.
Personally I feel safer flying 200 miles than driving the same distance on a crowded motorway, with a lot of people zigzagging while on the phone
But I would not say the same if I was in a 1970 C150... I also used to ride motorbikes a lot but would not do so today.
I don't think the calculated PPL accident figures make any sense whatever as far as an individual pilot's risk is concerned - because of the huge variation in # of hrs flown, huge variation in the quality of aircraft, in the quality of maintenance of same, in pilots' currency, attitudes to safety, etc.