PurposeThe purpose of this paper is to estimate delivered hydrogen cost including both transport and expected accidents cost comparing compressed gas or liquid hydrogen road transport. The model allows to determine whether, in a given context, the risk of accidents is an influencing variable in the selection of the hydrogen transport mode. It also helps to select the lowest cost transport mode and route.Design/methodology/approachTransportation cost models are developed and integrated with a risk analysis model to determine expected accidents cost so that an overall delivered hydrogen cost can be computed. Alternative transport modes are compared on the basis of hydrogen demand, delivery distance and route type.FindingsWhile safety cost in many cases can be considered negligible with respect to overall hydrogen transport cost, there are cases (high flow rate, long distance) where accident cost is relevant, especially in routes through densely populated areas. In such cases, factoring in accidents cost may significantly affect the break even point between CH2 and LH2 transport alternatives.Research limitations/implicationsThe paper only deals with proven road transportation methods (CH2 and LH2). Inclusion of alternative transport modes such as pipeline or hydrides is a future research goal.Practical implicationsDecision makers can examine the costs implied by hydrogen transportation alternatives in different economic scenarios factoring in safety costs to make informed decision.Originality/valueAvailable hydrogen transportation cost models neglect any safety issue, while risk assessment models only consider accident consequences costs. This work integrates both views.