I've never died enough in this game to even make this issue something I think about...at all.
If you're dying that much, you're doing something wrong. Given how short most mob leashes are, sprint away and have them reset and you're fine. Traveling in this game is also so easy it's hardly an issue.
Travel time and a small equipment repair cost is the only penalty for dying in this game (being resurrected eliminates the travel time but incurs a stat penalty for a time), and it's a very small penalty.