My general rule of thumb is I don't turn in anything to the insurance company unless it is going to be at least 5k out of pocket. The bump in your rates, due to having an at fault accident, will often cost you more than that in increased premiums. Unless there is something major, and too early to tell, I wouldn't turn it in.
Keep in mind, that even if you contact your insurance company, as long as they don't do anything, there isn't typically any mark against you but likely they will put it as an incident against your VIN. That last part seems to vary by insurance company. So I'd suggest getting them to write an estimate and see where it lands and factor in your deductible. Keep in mind they likely won't cover your Martian wheels unless you had specific coverage for them for example $XXX of additional accessory coverage but they should reimburse you the cost of a factory wheel.