The inability of ordinary least square estimators against multicollinearity has paved the way for the development of various ridge-type estimators, which are recently classified as one-parameter and two-parameter ridge estimators. In this paper, we offer some efficient two-parameter ridge estimators and evaluate their performance through a simulation study by using the minimum mean square error criterion. Under most of the simulation conditions, our proposed estimators outperformed the existing estimators. Finally, two real-life datasets are used to demonstrate the applications of our proposed estimators.