The invention discloses a polyester modified wire enamel, which is made of the following raw materials by weight parts(kg): 12-15 of amino resin, 12-14 of polyester resin (EL-1000H), 2-3 of ethylene bis stearamide, 6-9 of tetramethylethylenediamine, 12-16 of nylon 11, 1-2 of tungsten boride, 5-8 of 2-amino-2-methyl-1-propanol, 5-8 of attapulgite, 5-8 of diamino diphenyl ether, 10-12 of glycerol, 12-15 of ethylene glycol, 2-3 of straw ash, 2-3 of attapulgite, 30-35 of N-methylpyrrolidine, 1-2 of a promoter Na-22, 7-9 of an assistant, 90-100 of m, p-cresol, and 100-120 of dimethylbenzene. The preparation method provided by the invention is simple, and is low in cost. The prepared wire enamel has the advantages of good heat resistance and freeze resistance, and good wear resistance and oil resistance.