It scored an impressive 98 per cent, or 37.25 out of 38, for adult occupant protection, including perfect scores in the side-impact and pole categories.
A score of 87 per cent, 42.86 out of 49 under ANCAP criteria, for child occupant protection falls into the 'good' category as well.
Interestingly, the mid-size Volvo SUV scored just 76 per cent for pedestrian protection, with ANCAP citing the A-pillars and outer bonnet-edge as 'poor' pedestrian protectors in testing.
The inclusion of autonomous emergency braking (AEB), lane-keeping assist and speed-assist as standard equipment helped the car achieve its five-star rating.
"The XC60 passed the assessment achieving not only 5 stars, but taking out the highest scores to date in the areas of Adult Occupant Protection and Safety Assist," said ANCAP CEO, James Goodwin.
"High levels of protection were recorded for occupants in all four crash tests, with only the chest of the rear passenger in the full width test and the lower legs of the driver in the frontal offset test seeing points deducted.
"All body regions received full scores in the side impact and pole tests."
The score applies to the entire XC60 range bar the XC60 T8, which is yet to be tested.
REVIEW: 2018 Volvo XC60