Our ability to calculate rate constants of biochemical processes using molecular dynamics simulations is severely limited by the fact that the time scales for reactions, or changes in conformational state, scale exponentially with the relevant free-energy barrier heights. In this work, we improve upon a recently proposed rate estimator that allows us to predict transition times with molecular dynamics simulations biased to rapidly explore one or several collective variables (CVs). This approach relies on the idea that not all bias goes into promoting transitions, and along with the rate, it estimates a concomitant scale factor for the bias termed the "CV biasing efficiency" γ. First, we demonstrate mathematically that our new formulation allows us to derive the commonly used Infrequent Metadynamics (iMetaD) estimator when using a perfect CV, where γ = 1. After testing it on a model potential, we then study the unfolding behavior of a previously well characterized coarse-grained protein, which is sufficiently complex that we can choose many different CVs to bias, but which is sufficiently simple that we are able to compute the unbiased rate directly. For this system, we demonstrate that predictions from our new Exponential Average Time-Dependent Rate (EATR) estimator converge to the true rate constant more rapidly as a function of bias deposition time than does the previous iMetaD approach, even for bias deposition times that are short. We also show that the γ parameter can serve as a good metric for assessing the quality of the biasing coordinate. We demonstrate that these results hold when applying the methods to an atomistic protein folding example. Finally, we demonstrate that our approach works when combining multiple less-than-optimal bias coordinates, and adapt our method to the related "OPES flooding" approach. Overall, our time-dependent rate approach offers a powerful framework for predicting rate constants from biased simulations.