Used-car economics Β· Original analysis

Should you pay more for a safer used car?

A 20-point gap in IIHS driver death rates is worth about $1,420 over five years of ownership. A 1-point gap is worth $14.20 per year. Here is how that math works β€” and where it stops.

The idea in 60 seconds

A micromort puts a price on a one-in-a-million chance of death

Vehicle fatality rates are hard to reason about because they are small. A rate of 6 deaths per million registered vehicle-years means 6 chances in a million β€” or 6 micromorts. A rate of 26 is 20 micromorts higher.

U.S. federal agencies put a dollar value on small reductions in fatality risk using a value of statistical life, or VSL. The current Department of Transportation guidance is $14.2 million (base year 2025). Divide by one million and each micromort is worth $14.20.

Multiply the death-rate gap between two vehicles by $14.20, then by the years you plan to own the car. That is the illustrative break-even premium β€” the most you would pay for the safer option if safety were the only factor.

Rate difference 20 per million Γ— $14.20 per micromort = $284 / year Multiply by the years you expect to own the car.
1 micromort 1 in 1,000,000

A one-in-a-million chance of death β€” not a prediction about a named person.

DOT economic value $14.2 M

The federal value for small risk reductions, not a literal price tag on a life.

20-point gap Γ— 5 years $1,420

Illustrative break-even premium if the observed gap were your own risk difference.

Break-even calculator

Compare two vehicles

Enter two IIHS driver death rates. The calculator uses the difference as micromorts per registered vehicle-year.

Illustrative break-even premium $1,420

20 fewer micromorts per registered vehicle-year Β· $284 per year Β· 5 years

This calculation does not discount future years, adjust for mileage, or resolve confidence intervals. Treat it as a screen for whether a price gap is in the right neighborhood.

The surprising result

In this sample, paying more did not buy a lower death rate

Only 30 of the 181 vehicles in the used-car dataset currently have curated price ranges. We use each range's midpoint as a rough price proxy.

Price midpoint vs. IIHS driver death rate Each dot is one of the 30 vehicles with a price range. Lower is better.

The nearly flat relationship is descriptive of this selected sample. It is not evidence that price never buys safety across the entire used market.

Average price midpoint $29,167 Median: $28,750
Price vs. death rate r = +0.11 Spearman rank: +0.03
Practical reading No clear premium Higher-priced vehicles were not meaningfully safer by this measure.
Three trades worth examining

The numbers look precise. The evidence is not.

These examples use price-range midpoints and death-rate point estimates. They show scale, not causation.

Two minivans

Toyota Sienna 2WD vs. Honda Odyssey

5Toyota Sienna 2WD rate
6Honda Odyssey rate
$71five-year value of the gap

Toyota Sienna 2WD has a price midpoint about $2,500 higher. Its 1-micromort annual advantage is worth about $14 per year, implying roughly 176 years to break even on safety alone.

The 95% confidence intervals overlap: 0–13 and 0–13.
One nameplate, two drivetrains

Acura MDX 4WD vs. Acura MDX 2WD

6Acura MDX 4WD rate
11Acura MDX 2WD rate
$355five-year value of the gap

Acura MDX 4WD has a price midpoint about $2,000 higher. Its 5-micromort annual advantage is worth about $71 per year, implying roughly 28 years to break even on safety alone.

The 95% confidence intervals overlap: 0–16 and 0–27.
Two three-row SUVs

Nissan Pathfinder 2WD vs. Chevrolet Tahoe 2WD

0Nissan Pathfinder 2WD rate
9Chevrolet Tahoe 2WD rate
$639five-year value of the gap

Nissan Pathfinder 2WD has a price midpoint about $17,000 lower while its point estimate is 9 micromorts per registered vehicle-year better. There is no safety premium to justify.

The 95% confidence intervals overlap: 0–22 and 0–17.
How to use this

Four rules for buying on safety data

  1. Avoid the large, obvious gaps first.A 90-point difference is 90 micromorts per registered vehicle-year β€” about $1,278 per year or $6,390 over five years. That gap is worth shopping around.
  2. Do not pay thousands for a one-point edge.One micromort per year is $14.20 in this framework, and neighboring estimates often have heavily overlapping confidence intervals.
  3. Compare like with like.Model years, body style, drivetrain, condition, mileage, tires, and repair history can all dominate a small statistical difference.
  4. Prefer stronger evidence over a prettier number.A low rate with a wide confidence interval is less decision-useful than it looks. A reported zero does not mean zero risk.
See all 30 vehicles in the price sample
Vehicle Model years Price range Midpoint Driver death rate 95% CI 5-year value vs. rate 38
Nissan Pathfinder 2WD 2018-20 $16,000–$26,000 $21,000 0 0–22 $2,698
BMW X3 4WD 2019-20 $22,000–$36,000 $29,000 0 0–29 $2,698
Lexus ES 350 2019-20 $24,000–$35,000 $29,500 0 0–29 $2,698
Mercedes-Benz E-Class sedan 4WD 2017-20 $24,000–$42,000 $33,000 0 0–22 $2,698
Audi Q5 4WD 2018-20 $23,000–$38,000 $30,500 2 0–6 $2,556
Nissan Murano 2WD 2018-20 $16,000–$25,000 $20,500 4 0–12 $2,414
Volvo XC90 4WD 2018-20 $26,000–$42,000 $34,000 4 0–13 $2,414
Subaru Outback 2020 $19,000–$28,000 $23,500 5 0–15 $2,343
Toyota Sienna 2WD 2018-20 $22,000–$35,000 $28,500 5 0–13 $2,343
GMC Canyon Crew Cab 4WD 2017-20 $22,000–$35,000 $28,500 5 0–14 $2,343
Volvo XC60 4WD 2018-20 $23,000–$36,000 $29,500 5 0–16 $2,343
Lexus RX 350 4WD 2017-20 $26,000–$40,000 $33,000 5 0–10 $2,343
Ford Edge 4WD 2019-20 $17,000–$28,000 $22,500 6 0–15 $2,272
Chevrolet Traverse 4WD 2018-20 $18,000–$30,000 $24,000 6 0–13 $2,272
Honda Odyssey 2018-20 $20,000–$32,000 $26,000 6 0–13 $2,272
Lexus NX 300 2WD 2018-20 $22,000–$32,000 $27,000 6 0–17 $2,272
Subaru Ascent 2019-20 $22,000–$32,000 $27,000 6 0–16 $2,272
Acura RDX 4WD 2019-20 $22,000–$34,000 $28,000 6 0–18 $2,272
Acura MDX 4WD 2017-20 $24,000–$36,000 $30,000 6 0–16 $2,272
Toyota Tacoma Double Cab long bed 4WD 2018-20 $26,000–$38,000 $32,000 6 0–18 $2,272
BMW X5 4WD 2019-20 $28,000–$48,000 $38,000 6 0–19 $2,272
Porsche Macan 2017-20 $32,000–$52,000 $42,000 6 0–14 $2,272
Audi A4 2WD 2017-20 $18,000–$30,000 $24,000 7 0–21 $2,201
Honda Pilot 2WD 2019-20 $20,000–$32,000 $26,000 7 0–20 $2,201
Lexus RX 450h 4WD 2017-20 $28,000–$42,000 $35,000 7 0–22 $2,201
Mercedes-Benz C-Class sedan 4WD 2017-20 $20,000–$34,000 $27,000 9 0–21 $2,059
Chevrolet Tahoe 2WD 2017-20 $28,000–$48,000 $38,000 9 0–17 $2,059
Lexus RX 350 2WD 2017-20 $24,000–$38,000 $31,000 10 1–19 $1,988
Acura MDX 2WD 2017-20 $22,000–$34,000 $28,000 11 0–27 $1,917
Lexus NX 300 4WD 2018-20 $24,000–$34,000 $29,000 13 0–32 $1,775

The last column compares each point estimate with IIHS's overall rate of 38 for 2020 and equivalent models during 2018–2021. It is not a guaranteed savings or a forecast for an individual driver.

What this analysis does not do

Association, not causation. IIHS adjusts for driver age and gender, but differences in mileage, roads, geography, income, and behavior remain.

Driver deaths only. The rate does not include passengers, people in other vehicles, pedestrians, or cyclists.

Wide intervals. Many low point estimates have broad 95% confidence intervals. Small gaps are commonly statistical noise.

Group history. The data describes specific model-year spans during 2018–2021. It is not a lifetime forecast for one vehicle.

Price proxy. The prices are curated ranges for 30 vehicles; their midpoints are not sales-weighted market averages.

Policy value, not personal value. VSL is designed for evaluating many small risk reductions. A household may rationally value risk differently.