Asphalt pavements at high altitudes are susceptible to aging and disease under prolonged action of UV light. To improve their anti-ultraviolet aging performance, UV-531/SBS-modified asphalts with UV-531 dopings of 0.4%, 0.7%, and 1.0% were prepared by the high-speed shear method, and the effect of UV-531 on the conventional performance of SBS-modified asphalt before aging was studied by needle penetration, softening point and 5 °C ductility tests. The high- and low-temperature rheological properties of UV-531/SBS-modified asphalt before and after aging were also analyzed by high temperature dynamic shear rheology test and low-temperature glass transition temperature test. Finally, the effect of UV-531 on the anti-aging performance of SBS-modified asphalt was evaluated by three methods, including rutting factor ratio, viscosity aging index, and infrared spectroscopy. The results show that with the increase of UV-531 doping, the needle penetration and 5 °C ductility show an increasing trend, but the effect on the softening point is small. The high temperature stability of SBS-modified asphalt is not much affected by the addition of UV-531, and the low-temperature stability is improved, and when 0.7% UV absorber is added, SBS-modified asphalt shows better low-temperature performance. The results of all three evaluation methods show that the addition of UV-531 significantly improved the anti-UV aging performance of SBS-modified asphalt, with the amount of 0.7% providing the asphalt with the best anti-UV aging performance. The results of the study can provide an important reference for improving the anti-ultraviolet aging performance of SBS-modified asphalt.