Rubber spring plays an important role in improving train performance, so the study of rubber spring is one of the focuses of train dynamics. The vertical characteristic parameters of rubber spring are affected by prepressure significantly, as a result of varying parameters of static stiffness, dynamic stiffness, periodic energy consumption, damping coefficient, and so on. In order to use the theoretical method to calculate the precise static stiffness and predict the dynamic characteristics and to reduce the workload of the rubber spring performance test, this paper takes the annular rubber pad as an example to study with different prepressures. In this paper, the convexity coefficient correction formula (simply called the CCCF) for static stiffness calculation and the dynamic fiducial conversion coefficient (simply called the DFCC) method based on different prepressures are proposed. Through further analysis, the accuracy of CCCF and DFCC is proved both theoretically and experimentally. The results have shown precise prediction of the variation of prepressure on rubber spring parameters by using CCCF and DFCC and can be used as the reference of accurate vertical dynamic-static characteristics of the rubber spring.