Systems, methods, apparatus, and computer program products are provided for assigning parameters to a geographic area, wherein the parameters may be used to associate a speed limit with the geographic area. For example, in one embodiment, a geofenced area that comprises one or more street segments is identified. Additionally, speed data associated with one of more of the street segments is received. After receiving the speed data, a speed limit is determined for one or more of the street segments and associated with one or more of the street segments.