The answer is 'False'. Every $10 bicycle helmet used by a child will save $30 in direct health-care costs, $95 dollars in other tangible costs, and $270 in quality of life costs. Furthermore, every $10 helmet used by a child will reduce everyone's health insurance costs by $29 and auto insurance costs by $12.
Helmets are cheap and effective in preventing serious injuries and lowering insurance premiums. Some additional cost savings include: less time and money lost by parents who otherwise would be caring for the injured child, and fewer lawsuits filed by lawyers seeking compensation for child cyclist injuries.