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An asphalt overlay or top coat costs between $3 and $7 per square foot. For a standard, single-car driveway that’s 10 feet wide and 20 feet long, that’s a total of between $600 and $1,400. For a two-car driveway, you’re looking at a total of between $1,200 and $3,000.

You should contact your driveway installer before winterizing a newly installed driveway. Winterizing it before the asphalt or concrete has fully cured can damage the driveway. But in many cases, you don't need to winterize a newly installed driveway anyway since it's likely freshly sealed and won't have much damage yet. 

Asphalt driveways are affordable and able to withstand sub-zero temperatures. The asphalt surface makes it easy to plow snow, and it has excellent traction for slippery winter days. Another benefit: it absorbs heat from the sun and can then help to melt snow and ice more quickly than other surfaces.

Whether you should resurface or replace your asphalt driveway heavily depends on its condition. If the foundation is solid and the damage is minor, resurfacing is your best bet because it’s more affordable and faster than replacing the driveway. But if your driveway has foundational problems and/or severe damage, like large, deep cracks and potholes, then it makes more sense to replace it.