The invention provides a TiO2-SiO2 composite aerogel and a preparation method of the TiO2-SiO2 composite aerogel. The Ti / Si molar ratio of the TiO2-SiO2 composite aerogel is ranging from 1:10 to 10:1, the density thereof is 0.1-0.35 g / cm<3>, the porosity thereof is 84-94%, the aperture thereof is 5.0-20.0nm, the pore volume thereof is 1.0-5.0cm<3> / g and the specific surface thereof is 500-1200m<2> / g. The preparation method mainly comprises the steps that modifier consisting of alcohols, silanes and alkanes reagent is used for carrying out the modification and solvent replacing disposal. The TiO2-SiO2 composite aerogel of the invention has the advantages of low density, large specific surface, high pore volume and high porosity; the porosity can achieve 84-94%; the preparation method of the TiO2-SiO2 composite aerogel adopted by the invention adopts cheap and easily gained raw material TiCl4 and industrial water glass and can reduce the production cost; furthermore, the normal-pressure dry-process is convenient and feasible, and suitable for large-scale industrialization production and application.