The invention discloses an acrylic acid-polyaniline composite modified polyurethane coating which is prepared from modified polyurethane emulsion, waterborne acrylic emulsion, waterborne polyaniline emulsion, diphenylmethane diisocyanate, nano-zinc oxide, nano-zinc phosphate, aluminum oxide, wollastonite, boron nitride, barium sulfate, aluminum triphosphate, diethyl aluminum phosphinic acid, calcium chloride, N-methyl pyrrolidone, a defoaming agent, a dispersing agent, a wetting agent, a flatting agent, glycerol, 8-hydroxyquinoline, epoxy resin, a silane coupling agent, polyethylene wax and water. The acrylic acid-polyaniline composite modified polyurethane coating is good in water resistance and corrosion resistance, excellent in heat resistance and weather resistance, high in strength, high in adhesive force with a base material and long in service life, and has the certain fire resistance.