Water based lubricants are inexpensive, have a natural feel, and naturally absorb into the body over time for easier clean up.
Silicone lubricants are known for being extremely slick, slippery, and long lasting!
Oil based lubricant are silky and moisturizing, but come with a few warnings. Oil based lubricants eat through latex condoms, so make sure to avoid oil if you're practicing safe sex. Also oil tends to throw off the PH balance of the vagina, which can cause irritations.