I don't know. I've seen cars slide much more than 10 times the distance of the clearance they usually give me. OTOH, they are going much slower than usual, so there's a possibility that a collision wouldn't kill you.

Overall, it seems like the potential property damage is much greater if you drive, but the potential loss of life or limb still seems higher if you're on the bike.

When I'm in that situation I take public transportation, but I'm assuming from its absence in your post that isn't an option for you.