The insulation failure of glass fiber-reinforced polymers (GFRP) limits their use in high-voltage insulation fields. In this study, boron nitride nanosheets (BNNS) were prepared using ball-milling and further fluorinated via dielectric barrier discharge (DBD) plasma treatment. The GFRP nanocomposites were fabricated using different filler types and doping concentrations. The test results indicated that fluorinated BNNS (F-BNNS) displays good dispersion and interfacial compatibility, enhances the interfacial bonding strength of the “fiber-matrix-filler” ternary system in GFRP, and reduces the internal defects of materials. In addition, the insulating properties of the composites were related to the filler concentration. Adding a trace amount of F-BNNSs increased the flashover and breakdown voltages of the GFRP by up to 28.77% and 21.62%, respectively. The results of molecular dynamics simulations and trap distribution calculations showed that plasma fluorination of BNNS increases the bandgap and deep trap energy level at the interface. The extremely strong charge-binding ability of the deep traps inhibits continuous charge injection and regulates carrier migration, which improves the insulating properties of the composites. The results of this study provide a novel, environmentally friendly, and efficient solution for improving the insulating properties of GFRP.