The invention discloses an optical fiber cable-used insulated cable material and a preparation method thereof. The material is prepared by the following raw materials by weight: 70 to 90 of XS-3-type resin, 20 to 30 of PTFE, 15 to 25 of nylon-11, 10 to 15 of polycarbonate, 12 to 18 of C5 petroleum resin, 20 to 30 of precipitated white carbon black, 10 to 15 of nano sepiolite, 1 to 2 of zinc oxide, 2 to 3 of magnesium oxide, 1 to 2 of zinc stearate, 1 to 2 of barium stearate, 8 to 12 of di(2-Ethylhexyl)-4,5-epoxytetrahydrophthalate, 5 to 10 of tributyl phosphate, 2 to 3 of monostearin, 4 to 8 of hydrated zinc borate, 5 to 10 of composite filler, and 0.5 to 1 of an antioxidant 1076. The cable material is good in flexibility at high and low temperature and has excellent physical and mechanical performance of creeping resistance, wear resistance, oil resistance, tearing resistance, aging resistance and the like; the flame-retardant effects are good, and the fire tongue can be quickly extinguished after the flame disappears, other material is not burnt, the smoke amount generated in the case of burning is small, and the use demands of the insulated material of an optical fiber cable protection layer can be met.