I would definitely consider of a better services rather than a low price. I would not prefer to pay lower price but having disturbance about the services.
People now-a-days believe getting cheap hosting is just as good as hosts that sell hosting for a bit of $. If you want quality, you have to pay for it.
Look below and tell me which one is better.
Both companies have the same network speed, uptime, established time, etc....But which one you choose. This should be obvious.
1. 2GB space, 25GB bandwidth - $2.99/m
2. 2GB space, 25GB bandwidth $4.99/m
The obvious choice is #2. You may wonder why? #2 will be able to afford to update their servers, buy better quailty hardware, and will be there. #1 becuase of their low price will most likely use cheap servers, low cost hardware, and you will have problems more often than you would with #2.
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I would rather put it in a different way, one should search for web hosting service that is affordable with reliable service and maximum uptime. High price would be an incorrect IMO.
The expectations are of services on which one can rely on and the website/s are up and running smoothly for most of the time.