Google has announced an upgrade in the space (gmail, drive, G+) provided at no cost to users. The same announcement also explains the cost if you decide you need additional space.
There are getting to be quite a few different plans out there and the plan that fits you may depend on your activity. For example, if you save many pictures and videos, Flickr at $25 a year for all you can store would have to be the best deal. Image and video take a lot of space, and $25 would take you further than paying the lowest Google rate for G+ image storage $60 for 100 Gigs (beyond the free version).
BTW – Amazon is also getting into the cloud storage game (in a bigger way). If you have an android phone and install the Cloud Drive app, photos taken with that phone will automatically be uploaded (see image) when you have a wifi connection.

OR, do what I did, purchase a Chromebook Pixel. It comes with a FREE terabyte of cloud storage (for three years). The cost of the hardware may give you pause, but the cost of storage is great.
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