The invention discloses a corrosion inhibiting modified double coated thermal-stabilized water-based aluminum pigment. The corrosion inhibiting modified double coated thermal-stabilized water-based aluminum pigment is prepared from, by weight, 40-45 parts of flaky aluminum powder, 100-110 parts of isopropanol, 0.3-0.35 part of copper sulfate crystals, a proper amount of deionized water, 4-4.5 parts of phenolic ether type phosphate, a proper amount of absolute ethyl alcohol, 9-10 parts of tetraethoxysilane, 6-7 parts of vinyltriethoxysilane, 9-10 parts of ammonium hydroxide with the concentration being 20 wt%, 200-220 parts of butyl acetate, 5-6 parts of crylic acid, 5-6 parts of methacrylic acid, 0.6-0.65 part of dibenzoyl peroxide, 13-15 parts of propylene glycol monomethyl ether, 4-5 parts of aluminum hydroxide, 3-4 parts of antimonous oxide, 0.8-1 part of silane coupling agent KH-550, 1.2-1.5 parts of alkylphenol ethoxylates, 0.5-0.6 part of span-80 and 0.8-1 part of polyethylene wax. A product prepared from the corrosion inhibiting modified double coated thermal-stabilized water-based aluminum pigment can be evenly dispersed in a coating, and high stability is achieved.