Yes, that's the reason to report.

Another reason not to, if you don't have insurance: creepy cops being creepy at you. Story time:

Walking home with my then-housemate after dinner that involved drinking, we were mugged. Minor violence, lost our wallets.

I called the cops. They wanted to come the next day to do an interview, which I declined, pointing out they weren't going to try to find the wallets, so what's the point? At which point cop starts getting weird, first saying they need their statistics for better funding. I still decline, and he says "Well, we'll send someone anyway" and hangs up.

Sure enough, a cop shows up the next day. I tell him I don't need his services and he starts pressuring me for a report. At this point, I'm pissed and tell him to leave; he makes vague noises about maybe not responding to this block very quickly in the future; I barely manage not to say something really rude that most likely would have escalated things.

My policy now: if I'll probably die anyway, or if it involves enough money that I can't ignore it, I might call the cops. Otherwise I'll take my chances that inviting more shitty people to a shitshow will just turn it worse.

FTP.

If you can reasonable keep control (and that could be a simply having the ability to walk away) then do that instead of calling the police.

Once you call them, you're trusting that they won't turn on you, or take issue with you.