Yeah I've never used or seen the appeal of Namecheap except when they run promos. They are anything but cheap otherwise.

It may not be worth it for one or two names but transferring domains is easy (and can be done even when expired) and it can make sense to move to another registrar to save money - transfer prices are often lower than renewal prices - or if the current registrar starts to be a dick.

I've never used Godaddy, which often had 99c/$1 coupons, but noticed on tld-list.com that their .COM renewal price is $18.17. Not sure what people are getting for paying twice as much as everywhere else.