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Many women's races take place on open roads, with marshals marking the front and back of the field.
Storey told BBC Sport: "You have to keep your wits about you.
"You should be on closed roads. That's one of the things I'd like to see change for women in the UK."
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She added: "For me I've sort of moved away from racing some of the UK races because they aren't on closed roads and I'm not prepared to risk my life.
"You know we have a racing code of how to stay safe, but then ultimately, you should be racing on closed roads."
In addition to improving safety, Storey said racing on closed roads with camera bikes would help to develop the profile of women's cycling.
"Then we get the opportunity to build the event into something bigger and be able to get more than just static cameras," added the 38-year-old.
"It's a really frustrating time. Although it's fairly even on the track, when you get to the road, there's massive disparity between the men and women.
"The majority of women's racing you just have to follow on Twitter, and that's even true at World Tour level, it's very restricted."
Storey, 38, narrowly missed out on selection for Great Britain's Olympic team pursuit trio for London 2012, and won the national road race series the same year.
She said racing on open roads does not prepare riders for the realities of a professional career, citing "bigger security, motorbikes, that sort of thing".

The investigation started after 43 fish were found dead in a reservoir at Woodburn near Carrickfergus, County Antrim.
It happened days after 1,000 brown trout were released into the lake.
NI Water said it had notified the relevant external agency, DAERA's marine and fisheries division.
DAERA said it had become aware of fish dying in a number of lakes stocked by departmental officials.
"It is assessing whether the equipment supplying oxygen to the fish being transported may have been faulty possibly reducing the condition of some of the fish being stocked," said a spokesman.
The spokesman said brown trout were also susceptible to warm water conditions after a period of settled weather which reduced the level of dissolved oxygen.
"Lakes can stratify and the top layer of water becomes deoxygenated. This can be sufficient to cause natural fish kills."
Departmental officials have been on site over recent days and had seen fish jumping and being caught at Woodburn.
NI Water said there was no evidence of pollution in the reservoir.
"There is no impact from this incident on the final water quality leaving the treatment works," it said in a statement.
"NI Water's treatment facilities at the Dorisland water treatment works has numerous on-site water parameter monitors which continually check the quality of raw water entering the works and the quality of water going into the public supply.
"If anything is found that could affect the water quality, the site will automatically shut down and water will be taken from other areas to continue the supply.
"All water quality testing at the Dorisland site has shown satisfactory results."
The Woodburn reservoirs are close to the site of a controversial drilling operation which was capped and abandoned last year when no oil was found.
The DAERA spokesman said a report of dead trees which had been replanted on the site had also been investigated.
He said the young saplings were showing "typical signs of stress such as needle drop due to the recent prolonged dry spell"
"At this stage we would expect mortality of around 5% and this is consistent with similar sites planted across Northern Ireland during 2017."
Paralympic cycling champion Dame Sarah Storey wants more women's races in the UK to take place on closed roads and is "not prepared to risk my life" racing alongside traffic on open roads.
[NEXT_CONCEPT]
Officials are looking at whether faulty equipment used to transport fish contributed to the deaths of scores of trout found in public angling lakes.