Report it! I've seen something similar and turned around to get the tag number of the fleeing driver. I got back to where the other driver was, only to watch him leaving before I could get to him. I called the police as soon as I got to a phone (pre ubiquitous cell days) and the dispatcher already knew about the incident. He also said they did not have a tag number for the driver who fled. I gave my name, address, how long I'd be in town, etc. I never heard back from them.
If you call and the police have no report, they'll have no way to contact the driver.