My insurance deductible is $500. If you have insurance like mine and your kid gets thrown off a horse and breaks an arm then you would have $500 plus 20% of the costs on top of that (maybe another 200-400) That means your cheap $500 horse actually cost you $1200-1400 plus the pain and fear your child went through. If you or your husband are the ones to get hurt you can add lost wages on top of that and it gets expensive fast. If $500 is all you can spend then wait until you can spend more and look for gentle, well broke older horses. I wouldn't shy away from a healthy horse that was 20 years old. Use the older slower horsse to build confidence then upgrade.
There's nothing like the Rockies in the springtime... Nothing like the freedom in the air... And there ain't nothing better than draggin calves to the fire and there's nothing like the smell of burning hair. -Brenn Hill