To host or not to host....that is the question

I've been using GoDaddy as my web host for several years.  Overall, I have been very pleased with their service.  I'm thinking about hosting more than one web site, so I'll need to upgrade my hosting account. This will increase the overall yearly cost an additional $15-$20.  I was wondering what hosting services some of you utilize for your sites and blogs.  Who do you feel has the best overall value for a reasonable cost?  Would it be more beneficial to just redirect the new URL to a wordpress.com blog, rather than buying additional hosting?  I look forward to your feedback, so I can make an informed decision.