Dielectric sensors are useful instruments for measuring soil moisture and salinity. The soil moisture is determined by measuring the dielectric permittivity, while bulk electrical conductivity (EC) is measured directly. However, permittivity and bulk EC can be altered by many variables such as measurement frequency, soil texture, salinity, or temperature. Soil temperature variation is a crucial factor as there is much evidence showing that global warming is taking place. This work aims to assess how variations in the temperature and salinity of coconut fiber affect the output of EC5 (voltage) and GS3 (permittivity and bulk EC) Decagon sensors. The results showed that the effect of temperature and salinity on the output of the sensors can lead to substantial errors in moisture estimations. At low salinity values, permittivity readings decreased as temperature increased, while voltage readings were not affected, regardless of substrate moisture. The GS3 sensor underestimated the bulk EC when it is measured below 25 °C. The temperature dependence of the voltage of EC5 was not significant up to 10 dS m−1, and the permittivity of the GS3 was more affected by the interaction between temperature and salinity. The effect that salinity has on the permittivity of the GS3 sensor can be reduced if a permittivity–moisture calibration is performed with saline solutions, while the effect resulting from the interaction between temperature and salinity can be minimized using a regression model that considers such an interaction.