Quantum speed limits (QSLs) impose fundamental constraints on the evolution speed of quantum systems. Traditionally, the Mandelstam-Tamm (MT) and Margolus-Levitin (ML) bounds have been widely employed, relying on the standard deviation and mean of energy distribution to define the QSLs. However, these universal bounds only offer loose restrictions on the quantum evolution. Here we introduce the generalized ML bounds, which prove to be more stringent in constraining dynamic evolution, by utilizing moments of energy spectra of arbitrary orders, even noninteger orders. To validate our findings, we conduct experiments in a superconducting circuit, where we have the capability to prepare a wide range of quantum photonic states and rigorously test these bounds by measuring the evolution of the system and its photon statistics using quantum state tomography. While, in general, the MT bound is effective for short-time evolution, we identify specific parameter regimes where either the MT or the generalized ML bounds suffice to constrain the entire evolution. Our findings not only establish new criteria for estimating QSLs but also substantially enhance our comprehension of the dynamic evolution of quantum systems.