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The super cheap vhosts will often dump your account well before you use up what's supposedly been allocated to you, so don't assume that the $3.95/mo hosts are ultimately better value. On the other side of the coin, you're probably being overcharged by your current host - you could get a low end dedicated server for that monthly fee...
eg
theplanet: Celeron 2GHz/512MB RAM/80GB HD/750GB transfer, $69.00/mo
webair: Pentium 4 3GHz/1GB RAM/120GB SATA/1000GB transfer, $99.00/mo
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