I unfortunately did not have the money to buy a 1911 for about a year after I got the bug. I was thinking I couldn't get one for more than $1000. I finally saved up the money I needed.
During this year I looked at, and fired many different 1911's. I shot friends 1911's. I shot friends of friends 1911's. I rented 1911's. I looked at all the web sites of 1911 makers.
Now...Fortunately It took a year for me to get the money together. It let me do some homework.
My needs may be different than yours in that I wanted a carry gun, but I finally decided on a Kimber Tactical Ultra. 3" barrel, night sights, front strap checkering, checkering on bottom of finger guard, premium match grade trigger, etc...etc...
It cost me $1056 plus tax. Shortly there after I bought the 7rd magazines, holster, and mag carrier, and I absolutely love my first 1911 rig. I wouldn't trade it for anything!
I know how hard it is to wait, trust me! Considering that you want a 1911 to protect you and yours. Considering that a man can't buy just any gun, given it simply has to be impressive, beautiful, fun, outstanding, and one heck of a toy...
My recommendation is to take your time, despite the difficulty to do so, and make darn sure you get EXACTLY what YOU want! I'm not saying take a year, but whatever is comfortable for you.
Hoss