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Hamilton has entered the final 12 months of his current Mercedes deal and talks have been ongoing over an extension.
However, both parties opened negotiations at the end of last season and the lack of progression has led to speculation the Brit could walk away.
Mercedes chief Toto Wolff has since quashed those rumours but hinted that Hamilton could move to Ferrari after his next deal expires.
But the four-time world champion insists he is going nowhere as he has always been taught about loyalty from a young age.
Red is my favourite colour, but I'm happy where I am
"Red is my favourite colour, but I'm happy where I am," Hamilton said.
"Loyalty is a value that my father taught me.
"I've only changed teams twice in my career, so I'm not the type that jumps from place to place."
Hamilton also added that he should have his next Mercedes contract wrapped up in the foreseeable future.
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"We've already started discussions," he added.
”But that isn't my priority at the moment.
"I won't renew when it suits other people, I'll do it when everything is ready."