The invention relates to a super low-loss and small-line width microwave ferrite material and a preparation method for the microwave ferrite material and belongs to the field of microwave communication and magnetic materials. The main phase of the material is of a johnstonotite structure, and the chemical formula of the material is Y3-2x-yCa2x+yFe5-x-y-zVxZryAlzO12, wherein x is not less than 0.02 but is not more than 0.25, y is not less than 0.05 but is not more than 0.25, and z is not less than 0.01 but is not more than 0.25. The preparation method comprises the following steps of: calculating according to chemometry and weighing a raw material, vibratory milling, presintering, vibratory grinding and coarse crushing, sanding fine crushing, spray granulation, compression moulding and sintering. Proved by testing, the ferromagnetic resonance line width deltaH of the obtained material is not more than 1.27KA/m, the dielectric loss tgdeltae is not more than 0.5*10-4, and the insertion loss of an assembled microwave device is not more than 0.21dB, and thereby, the stability and the reliability of the obtained material are greatly enhanced, and the application range is broadened. The manufactured microwave ferrite device has the advantages of wide working band and low insertion loss.