Premium tyres e.g. Michelin, Pirelli, Goodyear, other name brands will generally be the latest technology tyres and often OE fitment for car manufacturers. On the whole, they will be very well tested and perform well. However, all tyres are a trade off of wear, grip, dry and wet performance, performance under braking, noise etc and none will be the best at everything but all will be competent or better in all of them. They are naturally the most expensive.
These manufacturers produce second line brands e.g. Firestone (by Bridgestone), Uniroyal (by Continental) etc. These will generally be the prior level of technology handed down from the premium brand and have become cheaper to produce as the development and tolling costs are amortised. They won't be massively cheaper, but they will generally still be very good tyres.
They also produce third line brands which are another level or more of technology removed and are even cheaper. However, they will be generally competent and well made tyres, but more compromises in performance.
Anything else will generally be cheap and nasty or will be products from less tried and tested manufacturers. You very much pay your money and take your chance with these.
