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Asphalt is made of aggregate materials (sand, rocks, and gravel) and bitumen, a viscous, petroleum-based, waterproof substance. These materials are mixed together at extremely high temperatures to form asphalt.

When comparing installation costs, asphalt is often less expensive upfront than concrete. Asphalt prices typically range from $7 to $15 per square foot, while concrete can range from $3 to $18 per square foot. However, long-term costs should also be considered. Concrete driveways generally last longer (up to twice as long) and require less maintenance, which can make them more affordable over their lifespan. While asphalt has a lower installation cost and is easier to repair, it requires more frequent maintenance, such as sealing, which can add up over time. Therefore, while concrete is more expensive initially, its durability may offset the cost in the long run.

You should plan on sealing your driveway about once every five years, although you should plan to do it once every three years if your area experiences frequent rain or snow. Sealing your driveway protects it from moisture, UV rays, and chemicals from your car, like motor oil and antifreeze. If you find that your driveway stains easily or appears to be cracking or fading, you may want to schedule a sealing service regardless of when you last sealed it.

If you notice minor cosmetic problems with your driveway, you should seal it. Look out for cracks and holes on the surface, faded asphalt or concrete, and stains from oil and other chemicals. Replacing your driveway may be necessary if you’re dealing with significant problems—¼-inch cracks, large potholes, and puddles from drainage issues. The cost to install an asphalt driveway typically ranges between $4,200 and $9,000, significantly more than resealing. Consider talking to a professional to discuss whether resurfacing your driveway—a midway project between resealing and replacing—is a better option for you.