Let's take a simplistic model of accidents: that the average driver is at fault in an accident 50% of the time. So a perfect driver would only halve the number of accidents -- they only eliminate the accidents where they would otherwise have been at fault.
But Waymo's numbers are better than the "perfect" driver above. How is that possible? Because in most accidents the blame is not split 0%/100%. You can avoid a lot of accidents with defensive and safe driving.