1. A driver feedback system, comprising: (a) a data storage device storing a dynamic driver profile for a specific driver, wherein the dynamic driver profile includes: i. at least one rating characteristic of the driver, including at least one rating characteristic related to the driver's driving behavior recorded by a vehicle monitoring system on a vehicle; and ii. a plurality of non-rating characteristics of the driver, the non-rating characteristics excluding driving data, the non-rating characteristics comprising at least an eyesight quality characteristic and at least one of driver preferences, guardian preferences and supervisor preferences; (b) at least one computer processor configured to execute: i. a driver evaluation module for: receiving driving data from the vehicle monitoring system on the vehicle, the driving data comprising driver behavioral data sensed by sensors on the vehicle comprising data indicative of one or more of hard braking, tailgating, lane changing, and speed relative to speed limit; determining a safety performance evaluation of the driver based on (i) the driver behavioral data, (ii) the rating characteristics, including the rating characteristic related to the driver's driving behavior in the driver's associated dynamic driver profile, and (iii) the non-rating characteristics in the driver's associated dynamic driver profile; generating driving feedback responsive to the driver behavioral data and based on the safety performance evaluation; and updating the dynamic driver profile in the data storage device based on the safety performance evaluation; ii. a business rules module for adjusting features of an insurance policy for a driver based on the rating characteristics in the driver's dynamic driver profile and the safety performance evaluation for the driver output by the driving evaluation module; and (c) a processor configured to execute a dynamic feedback module for: selecting a feedback mode from a plurality of feedback modes for a driver, the feedback modes comprising at least an in-vehicle feedback mode and an out-of-vehicle feedback mode, based on the received driving data from the vehicle monitoring system; responsive to selection of the out-of-vehicle feedback mode: generating at least one of a fax, a voice message, or an email message corresponding to the feedback generated by the driver evaluation module; and transmitting the at least one of the fax, the voicemail message, and the email message to the driver; and responsive to selection of the in-vehicle feedback mode: generating at least one of real-time audio feedback data, real-time visual feedback data, pre-ride audio feedback data, pre-ride visual feedback data, post-ride audio feedback data, and post-ride visual feedback data corresponding to the feedback generated by the driver evaluation module; and transmitting, to the vehicle monitoring system on the vehicle, the at least one of the real-time audio feedback data, the real-time visual feedback data, the pre-ride audio feedback data, the pre-ride visual feedback data, post-ride audio feedback data, and post-ride visual feedback data, for output on a feedback output device on the vehicle; wherein the non-rating characteristics comprise driver reaction time, and wherein the driver evaluation module is further for providing feedback to increase a separation distance between a driver's vehicle and a preceding vehicle, triggered based on a threshold separation distance, the threshold separation distance being based on the driver reaction time for the driver stored in the dynamic driver profile.