The invention belongs to the technical field of coatings, and particularly relates to a modified polyurethane coating and a preparation method thereof. The modified polyurethane coating comprises thefollowing raw materials: a polyester resin component, an amino resin component, an isocyanate component, a thermal insulation agent component and an auxiliary agent component, wherein the thermal insulation agent component is composed of organic sepiolite, styrene, butyl acrylate, deionized water and oleic acid. According to the invention, styrene and butyl acrylate monomers generate styrene-butylacrylate under the action of an initiator, and styrene and butyl acrylate enter the space between organic sepiolite layers, so the thermal insulation agent component is obtained; oleic acid is unsaturated fatty acid and is environmentally friendly and harmless, and the addition of oleic acid is beneficial for polymerization between the styrene and butyl acrylate monomers, enables the styrene andbutyl acrylate monomers to react under lower preset conditions and functions as a surfactant for the styrene and butyl acrylate monomers, thereby realizing more thorough polymerization of the styreneand butyl acrylate monomers; and due to the addition of the thermal insulation agent component, the original performance of the polyurethane coating is improved, and the polyurethane coating has relatively strong thermal insulation performance.