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Microsoft on Monday introduced brand new OneDrive storage pricing plans and, with the news, also more than doubled the amount of free storage available to its users. OneDrive used to come with just 7GB of free storage but now offers 15GB. Microsoft explained why it chose that figure — and it hopes that the additional free storage will incentivize new customers to use OneDrive instead of a competing cloud storage option.

"Our data tells us that 3 out of 4 people have less than 15 GB of files stored on their PC," Microsoft said Monday. "Factoring in what they may also have stored on other devices, we believe providing 15 GB for free right out of the gate – with no hoops to jump through – will make it much easier for people to have their documents, videos, and photos available in one place."

You'll also pay less than ever before if you want to add more storage to your plans. 100GB of storage will set you back $1.99 per month, while 200GB will set you back $3.99 per month, that's down from $7.49/month and $11.49/month, respectively. The drops are no doubt an effort to compete against Apple and Google. Apple for example recently announced that it's dropping its iCloud storage prices down — customers will soon pay 99 cents per month for 20GB of storage, or $3.99 for 200GB.

Microsoft also upped the available storage for Office 365 subscribers, which now have access to up to 1TB of storage with a subscription plan. There are several options available, with the cheapest being the Office 365 Personal plan that will run you $6.99 a month.