I have just found that they have a limited time "sign up offer" of 95% off = $4.98 for the first year and thereafter the "plan price" $99.50
The terms say it is an automatic renewal account,
@Mr Bump as a current customer have you been getting the discount you mentioned that you have applied @ the auto renewal time ?
Edit I noted this in their terms under Billing, in regard to an account being cancelled and how such cancellation can affect 'local' storage when controlled by iDrive
"If the account is canceled for any reason, user data and its backups will be removed from our storage servers. If you have used the Local Backup feature, you will NOT be able to access data from your external drive as well."
It seems to say that using their 'Local Backup feature' using their bespoke software and cancel you have lost your local data too