The invention discloses a wearproof bushing rubber composite material and a preparation method thereof. The wearproof bushing rubber composite material is prepared from the following raw materials in parts by weight: 20-48 parts of chlorinated polyethylene rubber, 15-30 parts of neoprene, 10-25 parts of brominated butyl rubber, 15-30 parts of natural rubber, 3-10 parts of calcium carbonate, 2-6 parts of pentaerythritol phosphate, 3-6 parts of zinc borate, 2-6 parts of aluminum nitride, 3-9 parts of tungsten boride micropowder, 6-14 parts of silicon carbide micropowder, 2-5 parts of poly(sodium-p-styrenesulfonate), 4-9 parts of paraffin, 8-16 parts of carbon nano tubes, 1-5 parts of zinc dibutyl dithiocarbamate, 3-8 parts of nano silicon oxide, 1-3 parts of triethyl phosphate, 0.8-2.5 parts of mono lauryl phosphate potassium, 3-8 parts of graphene, 1-5 parts of sodium stearate and 1-5 parts of an anti-wear agent. The wearproof bushing rubber composite material disclosed by the invention has good wear resistance and high temperature resistance, thus decreasing damage of a bushing caused by high temperature and wear.