Risk assessment is another matter. Realistically you can't really tell what's going to happen during your daily commute so we cannot really predict how safe or how dangerous our cars can get. I feel safe generally, but when things go wrong sometimes it really goes wrong.
We all take risks whatever we do. Those who aren't willing to pay more for safety will probably regret it. I hope they will never experience it, as do I hope we will never experience anything we fear.
When buying a car though, you cannot really opt to have reinforced crash structures. It basically comes with the car. So if you want a compact car, you have to deal with its crumple zones and crashworthiness rather than try to modify it to your liking. If you want better crumple zones, or other safety features, get a larger, more equipped vehicle with better safety features than the one you originally laid your eyes on.
I'm not one to say that not everybody should own a car but look at what Singapore did, or look at how other countries mandate safety features. In other countries, if the car does not come with airbags or ABS, or other safety features, it will not be sold - period. In those countries the car manufacturers and/or the government probably do not want to be held responsible for selling you a car with no airbags, and then realize thereafter that you got into a fatal accident that could have been averted with the use of airbags and the like. Who is to blame now? So if the car manufacturer or its dealers give customers the freedom to buy a car with no airbags or other safety features for that matter, at least they should understand the risks and that these risks should be made known to the customers. Usually when you just want a base model they will not stress the importance of the added safety features. Another problem is that not everybody understands the risks they take, which goes back to my original statement: risk management is another matter.
In hindsight, however, I think the reason why airbags are not usually mandated there is because a lot of the driving is done in cities and city speeds. While airbags supplement the seatbelts, often times the seatbelts are sufficient enough to restrain the passengers in these low speed impacts. If you took this issue to Germany where the ultimate highways exist in the form of the Autobahn, then I guess airbags are mandatory because one, people can afford them and two, the high speed driving necessitates the use of airbags.
I guess for me seatbelts and crumple zones are sufficient enough for city driving. However, airbags are good to have as a just-in-case basis. If you needed it, at least it was there. If not, at least you still have peace of mind it's there. The reason is that airbags only deploy at certain types of impacts. Pole impacts usually do not trigger the airbags so the crumple zones and the engine itself simply absorb the impact forces. Airbags also only go off at certain speeds because at lower speeds, the seatbelts are enough and/or the impacts won't be as severe at those lower speeds anyway. Finally, airbags work in conjunction with seatbelts to restrain you and prevent your head from sustaining injuries. As with security features like car alarms, keyless entry, etc these safety systems also overlap each other and provide a layer of safety over you. If one fails to do its job, the other should perform well so as to prevent any harm from befalling you. Otherwise, what's the use of safety systems if they don't work in tandem with each other?


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