Hard to answer easily, particularly without defining “cheap”
Personally I have too many workshops and vehicles, and thus several meters.
Among them, an old AVO Mk7, and a couple of other moving needle meters, including ones for less than £5; all work OK, and I sometimes prefer an analogue meter.
Digital meters, I’ve a decent Fluke, Robin, and an old ex BT one, as well as a couple of Lidl/Parkside offerings.
Value for money, the Lidl one I keep in the Disco is probably the best; I guess about £10, and plenty accurate enough for most jobs.
N.B. I have seen a video warning that one of the Parkside meters shows 240V OK, but failed to register/display 1KV
Doesn’t bother me too much, as it’s for car, not high voltage use; one thing I’ve always been taught, test the test gear before relying on the readings.
i.e. Before checking if a tag is 240v live, I always check another one which I know is live.
As well as the meter, it also proves you’ve plugged the test leads in properly, and the wires are unbroken.
Cheap meters do tend to have less overload protection; 10A fast blow fuses often fitted to high end meters are expensive, and larger than conventional sized ones.
When my AC/DC clamp meter died last year, I looked at getting it repaired, as I wanted something to measure heavy DC amperages for automotive use.
I ended up with one of these, which, at the time, was £40 off eBay from a UK based seller.
It works well, if I had all my meters stolen, and needed a single replacement for general use, I’d likely look to get another one or equivalent; my only real complaint is the lack of provision for a croc clip on the test probe(s)
Bill