To provide conductive particles with insulating particles where the insulating particles are less susceptible to detachment from the surface of the conductive particle, and to provide a method of producing conductive particles with insulating particles.

A conductive particle 1 with insulating particles includes a conductive particle 2 having a conductive layer 5 on the surface 2a, and insulating particles 3 adhering to the surface 2a of the conductive particle 2. The insulating particle 3 has a hydroxyl group bonded directly to a phosphorus atom, or a hydroxyl group bonded directly to a silicon atom on the surface 3a thereof. In the method of producing conductive particles with insulating particles, insulating particles 3 each having a hydroxyl group bonded directly to a phosphorus atom, or a hydroxyl group bonded directly to a silicon atom on the surface 3a thereof are made to adhere to the surface 2a of the conductive particle 2.