He's giving a decent break. AFAIK, the insurance ticket is a non-moving violation, meaning no demerits. This alone makes it better than the speeding ticket.
Yes, you can still go get it reduced, but usually the cop can re-write another one. I say usually, because in this case he told you he was going to give you a warning and record it as such. Hard to go back against that. So in this case, getting it reduced (likely by half) may be worth it.
Unfortunately it's not one of those tickets you can take your insurance slip into a police station and prove you had it, removing it entirely.
__________________
|