Architectural shingles are the most popular asphalt shingle on the market today. You’ll have a variety of colors and styles to choose from. Luxury shingles mimic the look of a slate roof. They are the most expensive type of asphalt shingle but offer the highest curb appeal.3-tab shingles are the cheapest and have the shortest lifespan of the 3 types of asphalt shingles. You’ll also have limited color options.