Lyric discussion by TheEFAF 

Cover art for White Is Red lyrics by Death from Above 1979

Nah, she crossed the double line, and she ran head on into another car. I don't think it was on purpose either, she didn't have a license and peeled out at high speed - probably just misread the situation to end up in a terrible accident. There wasn't any talk of abortion in the song. The guy was talking about staying with her and raising the kid the whole way - the talk about going to another state was just so they could start a new life.

My Interpretation

Also, the "white is red" is obviously her dress getting stained with her blood after the accident in the car.