The invention discloses a water dispersible granule containing bifenthrin and fluxapyroxad, and a preparation method and application thereof. The water dispersible granule is prepared from, by weight, 15 to 40 percent of bifenthrin, 5 to 20 percent of fluxapyroxad, 5 to 10 percent of a dispersing agent, 2 to 6 percent of a wetting agent, 5 to 30 percent of disintegrating agent, and the balance of filler. The bifenthrin and the fluxapyroxad are compounded and prepared into the water dispersible granule, and the water dispersible granule has the advantages of being convenient to use, free of dust flying, safe, low in toxicity and the like, has the effect on pests such as flea beetles, whiteflies, peach fruit moths, leaf miners, spider mites, elephant beetles and leaf beetles, has good insecticidal and disease-preventing effects on various diseases such as wheat sharp eyespot, rice sheath blight disease, sclerotinia rot of colza, wheat smut, potato black scurf, corn southern leaf blight, corn head smut, soybean rust disease, soybean powdery mildew, cotton damping off and the like, and has obviously better insecticidal and disease-preventing effects than single dosages of bifenthrin and fluxapyroxad.