In Virginia, reckless driving by speed is a Class 1 misdemeanor, punishable by a fine of up to $2,500. The fine amount depends on the severity of the offense, typically calculated at $6 per mile over the speed limit, but it can be higher in serious cases. Additional penalties may include a suspended license, court fees, and increased insurance rates. Reckless driving at 20 mph over the limit or exceeding 85 mph can lead to harsh consequences. Hiring a traffic attorney can help reduce fines and potential penalties.