As others have said there are more effective insulation systems than blown in and you may wish to investigate them a little further.
That being said, if you have investigated them and have settled on blown in for your application and accepted its trade offs.
I would be 0% worried about a fire risk. There are two types of blown in, that I am aware of, fiberglass and cellulose. Fiberglass is essentially the same stuff used in the bats that are one of the most common insulations still today; if your house is already built using these I would feel the difference in risk is negligible. The other kind, cellulose, is essentially shredded newspaper and is treated with a fire retardant; with the fire retardant and meeting flammability standards (Class 1 I think) I would not worry.
A garage wall should have a thermal barrier, drywall counts, to delay the spread of heat and ignition of the contents of the wall. (I think I am getting the term and purpose right, thermal barrier and ignition barrier always get confused in my mind). If that is overcome ... well more than likely your wall is framed with wood which will also burn.
One last thing, I do not too much about it, but I know that injection foam exists as a form of insulating closed walls. You could look into that.