If you live on the coast, following the details of the forecasts and warnings is extremely important. But my experience living a little over 100 miles inland taught me that the hurricane category is a useful predictor to some extent: anything below category 3 would weaken enough on its way inland that it wasn't a higher risk than routine severe thunderstorms, and didn't require any special advance preparations. The winds would merely be coming from a different direction than usual for our area, and only the areas usually prone to flash flooding had to worry about the volume of rain. It's location-specific, but it is possible to usefully distill the local risk profile down to something where the hurricane category tells you whether it's time to start worrying about that storm.