Red is perceived as a “winning color”, which may influence actual and perceived performances in sports, but little effort has been done to assess the added value on colored foot insoles in basketball movements. This study examined if colored foot insole would influence perceived comfort and lower extremity biomechanics during drop landing. Nineteen male basketball players performed drop landing trials with different insoles (red arch-support, white arch-support, and white-flat) and landing heights (0.45 and 0.61 m). Two-way (Insole x Height) ANOVAs with repeated measures were performed on each of the knee and ankle angles and moments variables. Wearing red arch-support insoles induced better perception of forefoot and rearfoot cushioning and overall comfort but smaller plantarflexion moment than the white-flat insoles (p < 0.05). Increased landing height was related to higher ground reaction loading, sagittal flexion angles, range of motion, and joint moments but smaller ankle eversion (p < 0.05). Findings indicate that foot insoles might have influenced comfort perception and joint kinetics, but not joint kinematics. The use of red color in foot insoles could potentially maximize the effectiveness of foot insoles in a way that alters comfort perception and motor control during landing, with implications for risk of injury.