The distribution of relative velocities between particles provides invaluable information on the rates and characteristics of particle collisions. We show that the theoretical model of Gustavsson and Mehlig [K. Gustavsson and B. Mehlig, J. Turbul. 15, 34 (2014)], within its anticipated limits of validity, can predict the joint probability density function of relative velocities and separations of identical inertial particles in isotropic turbulent flows with remarkable accuracy. We also quantify the validity range of the model. The model matches two limits (or two types) of relative motion between particles: one where pair diffusion dominates (i.e., large coherence between particle motion) and one where caustics dominate (i.e., large veloci...