Composites (plastics) have many advantages over steel, including the ability for some of them to be deformed and recover completely. Of course they don't rust. For bumpers and similar applications, you can use an unreinforced plastic that will absorb an impact with little or no damage. In high strength applications however, you need to use reinforced plastics, with fiberglass or carbon fiber, for example. These are far stronger than steel on an equal weight basis and in the rollover example I read, would easily support an SUV on it's roof. The downside is that if you exceed their ability to be deformed, they fail totally. Steel deforms easily, and in a major crash will become mangled, BUT it retains strength. Many years ago, I totaled an all steel VW beetle (the original one, not the new one). I was shaken, but unhurt and the car had to be more than a foot shorter than before the accident, but I still drove it home. There's little chance that a plastic car would be intact enough to do that although in a modern vehicle, I would have still been unhurt.
Another concept I've read here several times is that "my vehicle was undamaged" being translated to "safe". Some of these has to be luck... you were hit in such a way that you were uninjured, but tests done decades ago proved that the best scenario in an accident is for the vehicle to absorb the energy rather than the occupants. If the vehicle does not deform, that increases the accelerations that the occupants have to endure and increases the chances of injury or death. My brother had a Chrysler that had so much space in front of the radiator that you could stand in it. That car could crumple more than 2 feet before hitting anything solid. That space had only one reason to exist: absorb energy in an accident. Bumper to bumper rigidity is not safe. A vehicle that does not deform has not absorbed energy, but transferred it to things that can absorb it, like the occupants. Energy that is not absorbed has to go someplace. A rigid vehicle would rebound from hitting a rigid obstacle, increasing the acceleration the occupants must endure. One that crumples, will stop.
It's simple physics that a lighter vehicle will take the brunt of the impact in an accident, but I choose to not haul around 5000 pounds because I could hit something. Aside from the fuel cost, that weight makes the vehicle far less maneuverable and less able to avoid an accident. One isn't better than the other, it's a personal preference.