Abstract: On the basis of the microscopic survey data from sampling farmers in Hubei province, this paper examined the farmers’ willingness on agricultural insurance to natural disasters, using the descriptive statistics and probit model. The results show that the occurrence frequency and loss degree of flood and drought stimulate farmers to insure. As for disease and insect infestation, the effect of occurrence frequency is obvious while the loss degree is not obvious. Compared with the frequency of natural disasters, the loss degree has more influence on the farmers’ willingness to insure. There is a clear deviation between farmers’ insurance will and actual behavior, there is a excessive phenomenon in the areas with good natural conditions and a lack in the areas with serious natural disasters. Policy suggestions: the areas with good natural conditions should reduce insurance investment. Agricultural insurance should be tilted to the areas with serious natural disasters. We can solve the problem of serious natural disasters in the form of disaster relief.