The present invention relates to an insulation electrical engineering bushing plastic and a preparation method thereof. The plastic comprises the following components, by mass, 70-90 parts of a PVC resin, 10-17 parts of an acrylonitrile-butadiene-styrene copolymer, 30-45 parts of dioctyl phthalate, 3-8 parts of dioctyl adipate, 0.5-3 parts of epoxy soybean oil, 1-4.5 parts of calcined kaolin, 1.5-2.7 parts of dibasic lead phosphite, 1.2-1.8 parts of fatty acid ester, 5-10 parts of aluminum hydroxide, 2-5 parts of zinc borate, 1.5-3 parts of barium stearate, 1-3.5 parts of an organotin stabilizer, and 1.5-4 parts of PE wax. The insulation electrical engineering bushing plastic has characteristics of high strength, high impact resistance, high toughness, good insulation and good fire retardation, and can provide good protection effects for electric wires, electric cables and the like.