In this work, TiO2-based varistor ceramics doped with Nb2O5, SiO2 and Sm2O3 are prepared by using conventional solid state synthesis. X-ray diffractometry, scanning electron microscopy, energy dispersive spectrometer and direct current electrical measurement are used to study phase composition, microstructure and nonlinear properties. It is found that the second phase emerges at grain boundary, having a great influence on nonlinear electrical behaviors. Breakdown voltage E1mA initially decreases and then increases with increasing of Sm2O3 content. The minimum of breakdown voltage E1mA (9.3 V/mm) occurs at the composition of 99.0 %TiO2–0.5 %Nb2O5–0.3 %SiO2–0.2 %Sm2O3. Relative dielectric constant initially increases and then decreases. When the content of Sm2O3 increases to 0.3 %, the varistor has ultrahigh dielectric constant, which is consistent with its narrowest grain-boundary barriers. The nonlinear coefficient increases from 2.51 to 4.13 with increase of Sm2O3 from 0.0 to 0.4 %, and varistor of 98.8 %TiO2–0.5 %Nb2O5–0.3 %SiO2–0.4 %Sm2O3 owns the highest grain-boundary barriers.