Well, I must admit I don't carry my Wilson Combat 1911, for CCW, much. Not because I am scared of getting it confiscated, after a shooting, that would be my last concern, but the nature of CCW for me, is often leaving a gun in my vehicle, and I definately would be concerned about letting some low life steal it out of my truck, but If I am keeping it on my person, then I am not to worried about loosing it.
However, I really believe in carrying the best tool for me, and that varies from a cheap Kel-tec to at least a $1000 gun or more, if It's the one I feel most confortable carrying. I just got through buying a Kimber Tatical Ultra II, 3 inch 1911, and tax and all it cost around $1200.00, that's less then half of what my 5 inch Wilson sells for today, but it's a more practical gun for CCW due to it's lighter weight and better concealibility, so I won't hesiatate to carry it, if I am more confortable carrying it, then a $500.00 Glock, which I also carry, and Glocks make good truckguns, since they are eaisly replaced, and who in the heck harbors any sentimenta value to a Glock, but I don't like carrying Glocks on my person, as I just don't find them very confortable to carry, because they are still pretty thick, in general. So I will carry even a higher dollar gun, if it's more to my liking.
As far as cheap guns go, I have seen lot's of cheap guns, that I would not want to trust my life to, and to people that carry them just because they are cheap to loose, I ask you, How much is your life or the life of a family member worth? I don't need a fancy gun, but I won't cut corners on a life saving tool, if I feel I need something better, or more expensive. Cheap boots and Cheap guns, are more likely to result in pain then buying something better. Now, I do not consider a Smith and Wesson Model 10 a cheap made gun, but I have seen a lot of new cheap semi-autos out there that I would not use unless it was the only gun I could get, and there are even some junk revolvers out there too, that I would not trust very far.
One thing I won't put up with is a big, bulky, poor handling, clunker even if it is reliable, just because it's cheap to lose.