The invention discloses an early warning method and a device for vehicle collision. The early warning method is characterized in that the method comprises the following steps: after a vehicle is fired, colliding an early warning system to begin initializing each parameter, using an OBD information collection module, a sensor information collection module and a GPS information collection module to collect information of the vehicle, using an inter-vehicle information exchange module to collect peripheral vehicle information, sending the information of the vehicle to the peripheral vehicles, calculating individualized collision probability according to self state of a driver, and warning the driver; and the device consists of the OBD information collection module, the sensor information collection module, the GPS information collection module, the inter-vehicle information exchange module, an information exchange module in the vehicles, a collision detection module and a vehicle collision warning module. Each module exchanges information in the vehicle through a wireless local area network in the vehicle, does not change an electric line of the vehicle and does not increase wire harness inside the vehicle, and can effectively reduce occurrence of traffic accidents, so as to reduce casualties.