The invention relates to a gas generating agent composition, a method for preparing the same and a gas generator with the gas generation agent composition. The gas generating agent composition comprises, by weight, 40%-60% of guanidine nitrate, 25%-40% of alkali copper nitrate, 1%-20% of strontium nitrate, 1%-10% of ammonium perchlorate, 5.5%-10% of strontium titanate and 0.6%-10% of talc powder.The gas generating agent composition, the method and the gas generator have the advantages that the strontium titanate and the talc powder are jointly used as shape keeping agents, synergistic effectscan be realized by the strontium titanate and the talc powder, accordingly, pre-combustion shapes of tablets can be effectively kept after the tablets are combusted, and gas bags can be prevented from being burnt due to melting and splashing of the combusted tablets; the strontium nitrate is used as an auxiliary oxidizing agent, the usage amount of the alkali copper nitrate is reduced, and accordingly molten copper residues can be reduced; the ammonium perchlorate is used as an ignition performance regulator, accordingly, the low-temperature ignition performance of the gas generating agent composition can be obviously improved, the combustion speeds can be increased, and the gas generating agent composition mainly can be used for gas generators for supplementary restraint systems of automobiles.