If you don't have a high deductible I would report it to my insurance company unless you want to pay for new wheels, tires and any body damage out of pocket. Whether or not it raises your insurance rates depends on the insurance company and the totality of factors.
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2009 Carbon Fiber/Red 370z aka Trish: Sports Package, Meisterschaft full catback, Fast Intentions Longtube Headers, Injen Long Tube Intakes, UpRev Tune: Sold 
2008 Lotus Exige S Club Racer aka Bella, always leaves me smiling
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