| Season | 1991–92 | 
|---|---|
| Champions | SC Campomaiorense | 
| Promoted | SC Campomaiorense FC Felgueiras Amora FC | 
| Relegated | 12 teams | 
| ← 1990–91
 
1992–93 → | |
The 1991–92 Segunda Divisão season was the 58th season of the competition and the 42nd season of recognised third-tier football in Portugal.
The league was contested by 54 teams in 3 divisions with SC Campomaiorense, FC Felgueiras and Amora FC winning the respective divisional competitions and gaining promotion to the Liga de Honra. The overall championship was won by SC Campomaiorense.