In this work we study the benefits of a peer- assisted approach to online backup applications, in which spare bandwidth and storage space of end- hosts complement that of an online storage service. Via simulations, we analyze the interplay between two key aspects of such applications: data placement and bandwidth allocation. Our analysis focuses on metrics such as the time required to complete a backup and a restore operation, as well as the storage costs. We show that, by using adequate bandwidth allocation policies in which storage space at a cloud provider can be used temporarily, hybrid systems can achieve performance comparable to traditional client-server architectures at a fraction of the costs. Moreover, we explore the impact of mechanisms to impose fairness and conclude that a peer-assisted approach does not discriminate peers in terms of performance, but associates a storage cost to peers contributing with little resources.