Galloping of twin bundled overhead conductors accreted by ice is a frequent phenomenon during freezing weather, which may damage the operation of transmission lines. To analyze the galloping behavior of iced conductors, their aerodynamic characteristics must be studied. In this study, models with two different outlines were designed and tested to determine a more suitable ice-accreted conductor testing model. Subsequently, the influences of the conductor type, ice thickness, wind turbulence intensity, and wake effect of the windward conductor on the aerodynamic coefficients of the conductors with crescent-shape ice are investigated. The results show that the strand outline of overhead conductors must be considered to improve the accuracy of aerodynamic tests. With increasing ice thickness, the aerodynamic stability becomes rapidly deteriorated. Under the wind turbulence intensity of 4%, the aerodynamic stability gets the most enhancement. Moreover, different conductor types have little impact on the aerodynamic coefficients. The wake caused by the windward conductor is the leading cause for the twin bundled iced conductors to have weaker aerodynamic stability than a single conductor. The aerodynamic coefficients determined in this study are essential for predicting the galloping amplitudes of ice-accreted twin bundled overhead conductors under different weather conditions.