Several reasons:
Firstly fragmentation:
This free space gaurantees enough spare room to prevent significant fragmentation of files as they are added to the drive. Note this effect happens even though users cannot actually write above the percentage as there is more contiguous areas available.
Secondly, root can write to that space:
This allows logs to continue to function and root to have room to move and sort things out after you fill it up.
Matthew
Family motto: Curvus, non infractus.
The Universe: God's novelty screensaver?