The invention discloses an environment-friendly water-based aerosol insecticide composition, which belongs to the field of chemistry. The environment-friendly water-based aerosol insecticide composition comprises the following compositions in percentage by weight: 0.03-0.5% of transfluthrin, 0.02-0.3% of permethrin cypermethrin, 1.5-3% of sorbitan monooleate, 6-10% of odorless kerosene, 30-70% of deionized water and 30-50% of propellant. Since in the environment-friendly water-based aerosol insecticide composition, water is used as solvent, unpleasant smell of kerosene is not generated after spraying, and grease or smudges is not left at the position of dropping the fogdrop. Furthermore, due to the use of 1,1, 1,2-tetrafluoroethane or 1,2-difluoroethane which is non-flammable and dose not cause the greenhouse effect as a propellant, the water-based aerosol insecticide composition, as a household insecticide aerosol, is more environmentally friendly and is much safer to use.