The invention discloses anti-freezing environment-friendly diluted asphalt and a preparation method thereof. The anti-freezing environment-friendly diluted asphalt is prepared from the following raw materials in parts by weight: 50 to 80 parts of petroleum asphalt, 12 to 35 parts of biological asphalt, 10 to 26 parts of a modifier, 3 to 12 parts of a stabilizer, 25 to 58 parts of a diluent, 14 to25 parts of an inorganic filler calcium carbonate, 14 to 25 parts of glass fibers, 6 to 20 parts of a hydrophobic anti-freezing agent and 8 to 21 parts of shale ceramsite. The anti-freezing environment-friendly diluted asphalt of the invention solves the problems of weak high-temperature performance and strong temperature sensitivity of existing biological asphalt, high price of traditional road asphalt and the like in the prior art, has excellent high / low temperature resistance, skid resistance, wear resistance and aging resistance, does not flow at high temperature, has improved flexibilityat low temperature and favorable ductility, and can effectively overcome the problem that traditional diluted asphalt is easily limited by seasons, weather and temperature in the construction process.