To put the panic into perspective, the CDC estimates that annually, there are between 9 ~ 45 million cases of the common flu in the US, of which 140 ~ 810 thousand require hospitalizations which in turn, resulted in 12 ~ 61 thousand deaths.
The much compared SARS epidemic of 2003 resulted in 8,098 cases and 774 deaths.
While we do need to stay vigilant, I do not believe the constant obsessing over the disease and the numbers does anyone any good, there are far more deadly causes of disease that have killed, can kill, have the potential to kill millions of people world wide that we should be more concerned about but don't seem to bat an eye at.
Hysteria is far more dangerous at this point than any potential death the corona-virus might bring. Bottom line, stay away from close contact with people as much as possible, wear gloves when going out (much more effective at preventing diseases than wearing masks), wash your hands often, especially after being out, and don't touch your face, especially your eyes, and you'll be able to minimize your chance of catching any virus, not just the corona-virus.
Live life as you ordinarily would, the odds are, you are in a greater likelihood of dying of something other than this virus.
PS: Here is a interesting video about how pneumonia like diseases kill.