Did you know the majority of car insurance firms (in the UK at least) will ramp up renewal prices by a few % each year? I did sales for one such company a few summers ago, and we were told this was intentional - and if someone calls in, and complains, we just offer them to new sign-up price.

I use GoDaddy because I manually renew all my domains at the same price as I signed up for. I agree their UX is awful, and they're not the most "good" company in the world... but it serves me for what I want out of a domain provider!

Renewal price hiking is a common practice... you just need to be a smart shopper if you want to save money!