I personally buy a new drive every year or two and migrate all that is on the smaller one onto the bigger one. Since 2001 I've not lost any data even though some of the drives (re tasked to other purposes) have failed.
With current low hard disk prices, this is probably not a totally ridiculous thing, but still I think many people would do better to learn basic computer and hard disk management, than buy a new drive even before it shows signs of issues (
I DO say you need to back-up as well!!!).
Being able to fix and prevent issues by using basic operating system commands like "checkdisk(chkdsk)" with all of its options, is a great thing.
I regularly defragment and chkdsk my drives, do you?
Do you also buy a new car if the ash tray is full?

Just joking here, don't feel offended... I can see your logic for a new drive to some extent, especially considering the price tags.
PS ... definitely do not rely on DVD-R or CD-R as backup
Other nice anecdote... I recently needed a file from an old CD-R. This was one big exception of which I had NO backup. Even though the CD looked pretty pristine, with only a few minor scratches, I couldn't get it to read in my DVD-drive... the dreaded "cyclic redundancy error"

The top layer of the CD, which contains the actual data, was OK.
I had read before about "polishing" the CD to get it readable again. Since there was nothing to loose, I first tried it with "toothpaste", per internet recommendations

... that only scratched more. Still unreadable.
Out of curiosity, if it COULD be done, I than bought a tube of some car polishing cream and rubbed it on with a soft cloth and cleaned the CD under the water tap. It came out with less visible big scratches, but with an overall misty appearance of very fine ones...
Reluctantly and sceptically, I than inserted it in my drive, to see what would happen. The drive chucked away on a low speed trying to read it...
I COULDN'T BELIEVE MY EYES, IT COPIED THE FILE I NEEDED!!!
Yes, it was solved, I had it back! What a bit of "tooth-paste" can't do

