The time delay and dispersion effects caused by the ionosphere need to be simulated in the navigation signal simulator. The higher order BOC modulation signal in the new generation of satellite navigation signals has a wider bandwidth than the traditional navigation signal. The simulation method of the traditional navigation signal can lead to the non-negligible modeling error of the ionosphere delay. An improved simulation method of BOC signal based on the bilateral model was presented, and was verified by simulation. The simulation results show that there is an error of meter in the ionosphere delay of the BOC (14, 2) signal, and the improved method can accurately simulate the effect of the ionosphere dispersion.