The second-ranked Davenport reeled off the final 10 games of the match to capture the Tennis Masters Series women's title 4-6 6-4 6-0.
The California native continued her latest assault on the top ranking by increasing her career edge over Hingis to 11-7. She is the only player in the Top 20 who owns a winning record against Hingis, including a victory in this year's Australian Open final.
``She definitely brings out the best in me. I get very fired up every time I play her,'' said Davenport after collecting $330,000 for her 28th career title. ``We're always meeting in the finals, that's the exciting part of the rivalry.''
The 23-year-old number two thinks Hingis tends to get more easily frustrated against her than against other opponents.
``I think it's gotten to the point where she doesn't like to play me,'' Davenport said.
Hingis insisted the prospect of playing Davenport does not yet give her nightmares, despite losing seven of the last nine meetings with the big-hitting American.
``This is not a nightmare,'' Hingis said. ``If I wouldn't have another chance to play her, that would be a nightmare.''
Hingis may get her next shot at Davenport at the upcoming Ericsson Open -- the former Lipton Championships -- in Miami.
Davenport, off to the best season start of her career and riding a 16-match winning streak may use that same event as a springboard back to the top ranking.
Yet Davenport, who also won this event in 1997, appeared listless and surprisingly unfocused early in Saturday's match played in near 100-degree (38 C) temperatures.
Hingis produced accurate passing shots on both sides to cruise to a 6-4 4-2 lead with a minimum of resistance from her principle rival as she appeared to be closing in on her own 28th career title.
But Davenport suddenly turned on the jets and raced through the remaining 10 games, leaving an extremely frustrated Hingis in her wake.
When the match ended on a Hingis double fault, the Swiss 19-year-old slammed her racket down on her gear bag at the courtside chair.
``It is a little depressing losing to her all the time,'' Hingis said. ``I knew what I had to do out there, but it was just not good enough again.
``Unfortunately, it didn't work out this time, but she's four years older, so I still got four more years to get to her level,'' added the Swiss a bit wistfully.
Up 4-2, 30-15 in the second set, Hingis failed to get the two points she needed to break Davenport and give herself a chance to serve for the match.
Davenport then carved out an opening in the next game by reaching triple break point at 0-40 on Hingis's serve.
A Davenport backhand sailed wide on the first break point. But at 15-40, the second seed scored with a scorching forehand passing shot to level the set at 4-4.
Hingis, who had not lost a set at love since her stunning 6-2 6-0 first-round defeat by Jelena Dokic at Wimbledon last year, never won another game.
``She kind of folded in a way,'' said Davenport. ``Winning ten straight games is pretty hard to do.''