This study explored the effects of Ti3SiC2 on the microstructure and properties of laser cladding coatings using X-ray diffractometer, scanning electron microscope, electrochemical workstation, and UMT-2 wear tester analyses. It was found that with the addition of Ti3SiC2, the reinforcing phases in the composite coating were TiC, Ti(B,C)2, honeycomb-like (Cr, Fe)23C6, and a novel composite ceramic with an “eyeball” structure, which had an inside core of Al2O3 and TiC outer surrounding structure. The microhardness, wear, and corrosion resistance of the composite coating were about 1.35, 2, and 4.3 times those of the original coating, respectively. The main wear mechanisms of the original coating were severe fatigue spalling and microcutting, while the main mechanisms of the composite coating were slight microcutting and the formation of the transferred film.