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WeatherSide fiber cement siding is the 1 and only solution for replacing or repairing old asbestos siding shingles. It's available in a variety of sizes and shapes to match many of the old siding shingles installed over the last 60-years.
Although you may be tempted to simply cover vinyl siding over asbestos siding, consider that in doing so you may create an exposure hazard where none had existed before.
The shingles should have been brushed with a soft-bristle brush, like a car-cleaning brush, along with detergent, like siding wash or dishwashing liquid, and then rinsed. The dirt will still come off, the surface will still be clean and as long as fibers are not exposed, this method is the safest way.
Applying a layer of sheathing or sheets of foam insulation over the asbestos, then covering it with vinyl siding is a common practice; but be sure to check your local building codes first to see if it is allowed in your area.
Asbestos-containing roofing and siding in good condition are best left alone. Damaged roofing and siding should be carefully repaired. Sometimes asbestos-containing roofing and siding can be covered with new materials. Check your local building codes.