In Virginia, reckless driving by speed is a Class 1 misdemeanor, punishable by fines of up to $2,500. The exact fine depends on the severity of the offense, with higher speeds resulting in steeper penalties. In addition to fines, consequences may include a suspended license, increased insurance rates, and even jail time. Courts consider factors such as prior offenses and driving history when determining penalties. Consulting a traffic attorney can help minimize fines and other penalties associated with reckless driving charges.