The invention relates to a low polarization dependent loss lithium niobate straight-bar waveguide phase modulator and a manufacturing method of the low polarization dependent loss lithium niobate straight-bar waveguide phase modulator. The low polarization dependent loss lithium niobate straight-bar waveguide phase modulator comprises a lithium niobate optical waveguide chip, a first polarization-maintaining pigtail assembly and a second polarization-maintaining pigtail assembly, wherein the first polarization-maintaining pigtail assembly and the second polarization-maintaining pigtail assembly are bonded to the two ends of the lithium niobate optical waveguide chip in a coupling mode respectively, the lithium niobate optical waveguide chip comprises a lithium niobate substrate, a titanium diffusion waveguide area, annealing external diffusion areas and metal electrodes, an x-cut y-pass chip is adopted for the lithium niobate substrate, the titanium diffusion waveguide area and the annealing external diffusion areas are arranged on the surface layer of the lithium niobate substrate, the annealing external diffusion areas are arranged on the two sides of the titanium diffusion waveguide area respectively, the metal electrodes are arranged on the surfaces of the annealing external diffusion areas, the positive electrode and the negative electrode are symmetrical about the titanium diffusion waveguide area, and the first polarization-maintaining pigtail assembly and the second polarization-maintaining pigtail assembly respectively comprise a first polarization-maintaining optical fiber and a first optical fiber fixing block. The low polarization dependent loss lithium niobate straight-bar waveguide phase modulator achieves low insertion loss and low polarization dependent loss of a device at the same time, and achieves power even distribution of two polarization states, the situation of modulation waveform distortion is effectively eliminated, and accuracy of electro-optical modulation is improved.