To fix a single dent (like the one pictured), it is probably not worth the time and paperwork it takes to fill out the insurance claim. Besides doing it your is easy enough --the tools won't cost much, and the instructions won't make your head spin.
You can bang out that dent, fill those nicks, and refinish that paint job with a body hammer and dolly, a sander with a 36-grit disc to remove paint, a putty knife and body filler squeegees to apply filler, a bodyworking file ("cheese grater") to level the filler, a stroke sander to smooth it, an air compressor and spray gun to apply primer/surfacer/paint, and a buffer to shine it all up. Thanks to today's body repair materials-better paints, improved fillers and two-part primer/surfacers-bodywork and painting to a mirrorlike finish has never been easier to do in your own shop.
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I hope this helps
http://www.wisebread.com/remove-car-dents-quickly-and-cheaply
http://www.toologics.com/News/Top_Ten_Lists/10_%27Unusual_Fixes%27_Using_Power_Tools_20070725239.html
Really, if you don't know what you are doing with hammers and dollys you are probably just better off drilling out the panel and using a slap hammer on it. The holes help the Bondo grip the panel anyways. That, and fenders are like $50 at the junkyard.
You might find one of these useful in your future bodywork endeavours:
http://images.google.com/images?hl=en&q=shrinking+hammer&um=1&sa=N&tab=wi
The square-shaped objects on the left are "dollies" -- heavy pieces of metal with different curved surfaces that are held against a piece of sheetmetal and used with the hammers to reform it to the desired shape.
Be careful using body dollies. It is relatively easy with the hammer-on dolly technique in this instructable to make the sheetmetal thinner than it started out. This can result in a surface that "oil cans" easily. DAMHIK.
--Geoff