The 1992 Individual Speedway World Championship was the 47th edition of the official World Championship to determine the world champion rider. Gary Havelock scored 14 points to become England's first Speedway World Champion since Michael Lee in 1980. Sweden's Per Jonsson, the 1990 World Champion, finished second with 11 points with Denmark's Gert Handberg third on 10 points. Triple World Champion Hans Nielsen failed to qualify for a World Final for the first time since 1979 after only finishing 12th in the Nordic Final.