How risky are recalled Toyotas?

Robert Wright provides a nice analysis on the current Toyota recall:

Let’s do the math.

My back-of-the-envelope calculations (explained in a footnote below) suggest that if you drive one of the Toyotas recalled for acceleration problems and don’t bother to comply with the recall, your chances of being involved in a fatal accident over the next two years because of the unfixed problem are a bit worse than one in a million — 2.8 in a million, to be more exact. Meanwhile, your chances of being killed in a car accident during the next two years just by virtue of being an American are one in 5,244.

So driving one of these suspect Toyotas raises your chances of dying in a car crash over the next two years from .01907 percent (that’s 19 one-thousandths of 1 percent, when rounded off) to .01935 percent (also 19 one-thousandths of one percent).

The rest of the op ed fills out some more of the details, and talks about the dangers of fearing something that is such low risk.  It echos back to Tom Engelhardt’s thoughts from last week.