Final answer:
The term that best describes the scenario where different insect variants diverge within the same habitat and can no longer interbreed is sympatric speciation.
Step-by-step explanation:
The scenario described by the student is where the genetic divergence of insect variants leads to reproductive isolation and eventually results in species becoming so distinct from one another that they can no longer interbreed. The situation is one where two different populations of a species share the same habitat and diverge without geographical separation. The term that best describes this scenario is sympatric speciation. This is when new species evolve from a single ancestral species while inhabiting the same geographic region. In this case, the insect variants adapted to different flower colors, eventually leading to reproductive isolation.