The invention discloses an insecticidal composition containing novaluron and carbamates. The insecticidal composition comprises an active ingredient A and an active ingredient B, wherein the active ingredient A is the novaluron; the active ingredient B is any of the following compounds: indoxacarb, metolcarb, carbaryl and carbosulfan; and the weight ratio of the active ingredient A to the active ingredient B is 1:80-80:1. The composition can control various pests, has a remarkable synergistic effect, widens a bactericidal spectrum, and has higher activity on rice planthoppers, aphids, leafhoppers, Chilo suppressalis, Pectinophora gossypiella, cotton bollworms, beet armyworms, Plutella xylostella, cabbage caterpillars, Phyllocoptruta oleivora Ashmead, leaf miners, underground pests and the like on vegetables, fruit trees, cotton, rice and corn; the using amount of pesticides is reduced, the residual amount of the pesticides on crops is reduced, and the environmental pollution is reduced; and the insecticidal composition is safe to people and livestock, has high environmental compatibility, and ensures that pests cannot produce the pesticide resistance easily.