The invention discloses a low temperature resistant silicone rubber material and a preparation method thereof. The rubber material consists of the following raw materials by weight: 90-110 parts of low phenyl silicone rubber, 40-60 parts of diethyl silicone rubber, 5-10 parts of triallyl cyanurate, 3-6 parts of tetraethylene glycol, 10-15 parts of yellow mud powder, 5-10 parts of hydroxyl terminated polybutadiene, 2-3 parts of dibutyltin dichloride, 1.5-2.5 parts of polycarbodiimide, 3-5 parts of trimethylolpropane cocoate, 4-8 parts of polyether epoxy modified silicone oil, 2.5-4.5 parts of erucyl amide, 5-10 parts of diisobutyl ester of nylon acids, 10-15 parts of triethylene glycol di-2-ethylhexoate(triglycol dioctate), 12-16 parts of basic magnesium sulfate whisker, 2-3 parts of 4,4-dityrenated diphenylamine, 1-2 parts of tetramethylthiuram disulfide and 3.5-4.5 parts of an assistant. The silicone rubber product provided by the invention has stable performance and excellent resistance to low temperature performance, and can work in cold conditions over a long period of time and still keep high tensile strength, tear strength and high elongation at break; and the silicone rubber material has good aging resistance, fatigue resistance and oil resistance, fully meets the usage requirements of cold areas in northern China, and shows broad application prospect.