I changed my host instead of Domain renewal

So,long story short, my domain was about to expire later this month, and my host was charging appx 8 USD for domain renewal, so a little google search landed me on a webhost 1and1, and they were offering one year free domain with hosting for 11 buks, so i moved to them. i suppose there will be a down time of 24 Hr at max, but still i think it was fair deal, what are your suggestion.
for stats point i was getting appx 800 visit per day so not a huge loss for me any way.