It means fewer people are on the road and driving less, but the ones that are, are more likely to die.
For example:
You drive tipsy 1x/month after a party and commute every day. Your death rate is X.
During corona, you don’t commute, but still drive tipsy 1x/month. Your death rate is way higher. Maybe even 10X.
Crucially, your death rate per month remains unchanged.
PS: part of the effect is also lack of practice. You think your reflexes and skills are the same as when you drove daily. They are rusty.
This part kills a lot of middle age motorcyclists jumping back on the bike after 20 years.
I have always felt that the way humans share space with any kind of vehicle is perilous from a physics standpoint, relative to other risks in daily life. I actually think there will be a new type of city where they are separated by physical boundaries, levels and/or bridges etc.