A motor with an oil storage function includes a base, a bearing, a stator unit and a rotor. The base includes a shaft tube portion having a closed end and an open end. The bearing is received in the shaft tube portion of the base. The stator unit is fixed to the base and has an insulation unit. The insulation unit has a blocking portion extending towards the open end of the shaft tube portion. The rotor includes a hub having a shaft and a permanent magnet. The shaft is rotatably coupled with the bearing, and an air gap is formed between the permanent magnet and the stator unit. The blocking portion of the insulation unit, the shaft tube portion and the bearing jointly form an enlarged oil chamber at the open end of the shaft tube portion.