Is it? The"loud pipes save lives" argument seems to be mostly a myth (I can't find any credible research backing it at least).
A loud pipe will make bugger all difference when you're doing 50+ down a major road and that idiot in the 4x4 on the side road junction looks right at you, then pulls out anyway. He probably has music on so gets little input, and no direction, from your nice open pipe.
What saves lives there is the biker actively moving across driver field of vision - eg weave in lane or more dramatic if you think he's going anyway. More motorcycle awareness on the car test might help, but that's not politically popular.
People usually get clobbered by cars pulling out in front of them, or getting swerved into from the side.