Lightning, Schmightning, what are your chances of winning the lottery or Nobel Prize? Probably alot better than being struck by lightning. I would say that this should be a consideration but not the prime consideration here. Do it right but do not let this consume you. When contrasted with putting up a TV antenna, this is really exactly the same thing. An external receiving antenna. Not such a big deal I respectfully assert. If you are that worried about Lightning, mount it in your attic. It works well and will not increase your homes exterior ground path profile for lack of a more complicated term.
Here is 50' of LMR-400 w/N Connectors installed:
http://cgi.ebay.com/LMR-400-75-FT-W...ryZ44996QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
There is alot of LMR-400 on eBay in various lengths, configurations, and of course prices.
LMR-400 is great stuff for scanner applications. Search a little and save alot. Some sellers will install whatever connectors you desire so adapting is not necessary. General rule: do not buy used coax unless it has spent its entire life indoors (even then think twice and dont buy it).
As others have in essence said, the better the coax, the better your results. Make the investment, the results are worth it. Kinda like using a quality stereo receiver with really cheap speakers- you can but what is the point? Quality components equal Quality results.
I have been cheap and by the time one gets done messing around with cheap, it is almost always more expensive than doing it right the first time thru. There is nothing wrong with being frugal so search for what you need.
BTW, here is a Polyphaser as previously mentioned:
http://cgi.ebay.com/PolyPhaser-5-8g...oryZ4672QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
As for mounting in the attic, if you have the space to put a good quality antenna up there then I say give it a try. I had such an arrangement at my previous house and it worked extremely well for me.
In the attic, I had a Channel Master scanner antenna and another on the roof outside. I think the one in the attic worked a bit better than the one outside for whatever reason. YMMV.
My experience is certainly not unique and there are others who have had good success also (search RR). There are detractors who say this is not a good way to go. For a transmitting antenna, I would tend to agree. For a receive only antenna, my experience is that attic mounting works very well.
Also, there were some additional pluses- The fact that the antenna will remain out of the weather and will last much longer than one exposed to the elements. This also true of the coax, connectors and mounting hardware. If you wanted to change antennas then it was a trip to the attic which was a much nicer trip in my case than during the winter than outside onto the roof.
Additionally, you might be mitigating some liability by not adding another lighting path to the exterior profile of your house.
Good luck. let us know what you decide and how it works out.