The invention relates to the technical field of epoxy self-adhesive paint, in particular to insulating waterborne epoxy self-adhesive paint and a preparation method thereof. The insulating water-based epoxy self-adhesive paint is prepared from the following raw materials: epoxy resin, a cosolvent, spherical organic silicon resin, a water-based coupling agent, an emulsifier, water, a latent curing agent, a leveling agent, a wetting agent and an antifoaming agent. The self-adhesive paint has the excellent effects of high temperature resistance, smoothness, low specific gravity, water resistance, salt spray resistance and insulation. The preparation method comprises the following steps: adding the spherical organic silicon resin and the coupling agent into water, heating, and carrying out heat preservation reaction to obtain a modifier; dissolving epoxy resin in a cosolvent, heating, adding the modifier and the emulsifier, uniformly stirring, and dropwise adding residual water until the viscosity is reduced in a cliff manner; finally, adding a latent curing agent, a leveling agent, a wetting agent and an antifoaming agent, keeping the temperature, and performing uniform dispersing to obtain a finished product. The preparation method is simple to operate and convenient for batch production.