americane is wrong.
The insurance company will raise your premium regardless of whose fault it is. If it is not your fault (when you have an accident) then your premium will not go up much... but it will still go up a little. Similarly, in this case, it is not your fault, but your premium will likely go up a notch next time you renew.
Nepche is correct... analize the cost vs. benefit and decide for yourself. First step is to find out how much it will cost you  to repair your car.

Good luck.