Laying thermal insulation is one of the common thermal insulation measures to prevent frost damage of tunnels in cold regions and the performance of thermal insulation material directly determines the effectiveness of freeze-proofing and insulation of thermal insulation layer. As an important parameter for evaluating the performance of thermal insulation materials, thermal conductivity is generally affected by density, humidity, temperature and other factors, therefore this paper will mainly focus on when the air humidity in the tunnel is too high, the moisture absorption of insulation materials may occur in the humid environment for a long time, which will lead to the increase of moisture content of insulation materials. Hence tunnels in cold regions, generally exhibit lower temperature conditions, thus the water inside the insulation material is easy to freeze, which will greatly improve the thermal conductivity of the material and reduce its thermal insulation effect. Therefore, it is of great significance to study the thermal insulation performance of cold-regions tunnel thermal insulation materials after moisture absorption and complete freezing.