In this verse, we learn about the faith of Moses' parents, that they would hid their son Moses, so that he would not be killed with the other Hebrew children.
There is more to this verse than the parents' faith in God as opposed to their fear of an earthly monarch.
They recognized the power of a great King, God our Father, and put trust in His Word:
"Now the LORD had said unto Abram, Get thee out of thy country, and from thy kindred, and from thy father's house, unto a land that I will shew thee:
2And I will make of thee a great nation, and I will bless thee, and make thy name great; and thou shalt be a blessing:
3And I will bless them that bless thee, and curse him that curseth thee: and in thee shall all families of the earth be blessed." (Genesis 12: 1-3)
"5And he brought him forth abroad, and said, Look now toward heaven, and tell the stars, if thou be able to number them: and he said unto him, So shall thy seed be. 6And he believed in the LORD; and he counted it to him for righteousness. 7And he said unto him, I am the LORD that brought thee out of Ur of the Chaldees, to give thee this land to inherit it." (Genesis 15: 5-7)
Moses' parents remembered God's promise, and they took His Word that their people would one day leave Egypt and take the Promised Land for themselves.
While the disobeyed the command of one evil ruler, they obeyed the promise of the King of Kings instead:
"Where the word of a king is, there is power: and who may say unto him, What doest thou?" (Ecclesiastes 8: 4)
"But cursed be the deceiver, which hath in his flock a male, and voweth, and sacrificeth unto the Lord a corrupt thing: for I am a great King, saith the LORD of hosts, and my name is dreadful among the heathen." (Malachi 1: 14)
When the King of Kings came in human flesh, He gave one commandment:
"Jesus answered and said unto them, This is the work of God, that ye believe on him whom he hath sent." (John 6: 29)
Let us have faith, and obey the King's commandment, to believe on Jesus, and trust Him to deliver us.