I remember there was like a cricket, maybe a caterpillar and some mean insect (don’t remember what kind) I don’t really remember the story so i won’t mention anything about it. It was REALLY low budget and I had it on video when I was like 5 (2005). God bless you If you can find this movie
Is it A Bug’s Life?
since you say low budget, it might be an episode of “Hermie and Friends”.
http://en.wikipedia.org/wiki/Hermie_and_Friends